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Evonik to Start New Facility for Functionalized Polybutadienes in Germany

Published on 2014-09-04. Author : SpecialChem

Essen,Germany -- Evonik is investing in its German operations with new largescale industrial plants, capacity expansions, and new research centers. The company plans to invest some two billion Euros of the extensive investment program it has developed as part of its growth strategy from 2012 to 2016 in Germany. "Germany has a strong and healthy industrial base. Our investments in Germany strengthen the international competitiveness of Evonik," said Klaus Engel, Chairman of the Executive Board.

In fiscal year 2013, some three billion Euros, or 24 percent of corporate sales, were generated in Germany, where Evonik employs approximately 21,000 people. With its investments in Germany, Evonik benefits from highly qualified and motivated employees, proximity to key customers, excellent research facilities and the existing integrated production networks at its sites. “Ensuring good investment conditions in Germany is the joint task of politics and business. This is where I hope for more support for industry, for example through more reliability and common sense when it comes to managing the turnaround in energy policy or a modern research funding,” emphasized Engel.

The Group is about to start up a new facility for functionalized polybutadienes in Marl, Evonik's largest site worldwide with almost 7,000 employees. The material is mainly used for sealing compounds in double-glazed windows and for adhesives. The investment volume was in the mid double-digit million euro range. Important considerations for the site selection included proximity to key customers and the excellent infrastructure of the Marl Chemical Park. A few weeks ago, a partial facility for crosslinking reagents, which have applications in solar panels and other industries, went into operation in Wesseling near Cologne. The investment volume was in the lower double-digit million euro range. The new production site was integrated into an existing facility, which produces one of the source materials.

Other Evonik investments include new capacities for C4-based products in Marl, the expanded specialty silicon production in Essen, and the construction of a new plant for polymeric dispersion agents at the same site. The company is also planning a number of smaller capacity expansions, including for PA12 in Marl. Furthermore, Evonik is investing in modernizing and maintaining the Group's domestic sites.

Research & development in Germany is also receiving further boosts. A new research center for silanes is under construction in Rheinfelden and Evonik scientists working on active principle formulations for parenteral drugs recently moved into new laboratory spaces in Darmstadt. Meanwhile, a new application technology center for the tire industry was opened in Wesseling, the world's largest production site for precipitated silicas. Precipitated silicas are an important component of low rollingresistance tires. A state-of-the-art research center with focus on cosmetics was opened in Essen in mid-2013. "Successful research and development are the backbone of Evonik, and Germany plays a special role in our global research network," emphasized Engel.

Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Profitable growth and a sustained increase in the value of the company form the heart of Evonik’s corporate strategy. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms.

About Evonik

Evonik is active in over 100 countries around the world. In fiscal 2013 more than 33,500 employees generated sales of around €12.7 billion and an operating profit (adjusted EBITDA) of about €2.0 billion.

Forward-looking Staements

In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.

Source: Evonik


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