Evonik Acquires Biotech Company innovativeHealth Group

Evonik Industries AG on Thursday said it has acquired Madrid-based biotechnology company innovativeHealth Group. The transaction is due to be completed before the end of March. The financial details of the deal were not disclosed. Headquartered at the Scientific Park of Madrid (Spain), innovativeHealth’s technology platforms screen and combine natural ingredients and extracts to generate … Read more Evonik Acquires Biotech Company innovativeHealth Group

Evonik Industries Closes Acquisition of PeroxyChem

Evonik has successfully closed the acquisition of the US company PeroxyChem for US$640 million after the responsible court in Washington D.C. dismissed the lawsuit filed by the Federal Trade Commission (FTC) to block the acquisition. Christian Kullmann, chairman of Evonik’s executive board said, “In its judgment, the court confirmed our view of the H2O2 and … Read more Evonik Industries Closes Acquisition of PeroxyChem

Evonik and Wynca Break Ground for a New Fumed Silica Plant in Zhenjiang

Evonik’s joint venture with Chinese company Wynca – Evonik Wynca (Zhenjiang) Silicon Material Co., Ltd. has officially started the construction on a new fumed silica plant in Zhenjiang, Jiangsu Province, China. Together with the business partners, representatives from local government and media, Evonik and Wynca took part in a ground-breaking ceremony on December 10th in … Read more Evonik and Wynca Break Ground for a New Fumed Silica Plant in Zhenjiang

Evonik, Dow Develop Industrial-scale Direct Synthesis of PG from Propylene

Dow and Evonik have entered into an exclusive technology partnership. Together, they plan to bring a unique method for directly synthesizing propylene glycol (PG) from propylene and hydrogen peroxide to market maturity. The basis for the method, named HYPROSYN, has been created over the last few years by a team of over 100 Evonik employees. … Read more Evonik, Dow Develop Industrial-scale Direct Synthesis of PG from Propylene

Evonik Commissions Second Complex for Methionine Production in Singapore

Evonik officially commissioned its second complex for the production of MetAMINO® (DL-methionine) and strategically important precursors in Singapore on June 18, 2019.  “Our methionine complex on Jurong Island, which we commissioned in late 2014 has been a real success story. Now, we want to continue the success story with this second plant,” said Christian Kullmann, … Read more Evonik Commissions Second Complex for Methionine Production in Singapore

Evonik to Reposition its Polyamide Business, will Close its PPA Plant in Germany

Evonik is repositioning its business within the polyamide group for high-performance polymers. The company has started building of a new polyamide 12 (PA 12) facility and is expanding its production of transparent polyamides at Marl Chemical Park, focusing its activities on high-performance materials for attractive growth markets such as automotive, oil and gas, 3D printing … Read more Evonik to Reposition its Polyamide Business, will Close its PPA Plant in Germany

Evonik Catalysts expands Production of Activated Metal Catalysts in India

Evonik announced on Monday that the company is commissioning a new plant initially for the production of KALCATTM and in the long-term also Metalyst Activated Metal Catalysts at its Catalyst’s manufacturing site in Dombivli, India. This new state of the art production facility allows Evonik to fully utilize its capacities in Dombivli while establishing significant … Read more Evonik Catalysts expands Production of Activated Metal Catalysts in India

Evonik to Expand Transparent Polyamides Production Capacities in Germany

Evonik announced on Monday that it will expand its production capacity of transparent polyamides at the Marl Chemical Park (Germany) which the company sells under the brand TROGAMID CX. Production expansion is scheduled for completion in the first quarter of 2020. The project will double the specialty chemicals company’s capacity for its transparent, high-performance materials. … Read more Evonik to Expand Transparent Polyamides Production Capacities in Germany

Evonik agrees to sell its methacrylate business for € 3 billion

Evonik signed an agreement to sell its methacrylates business for € 3 billion ($ 3.4 billion) to Advent International. The sales price is 8.5 times the EBITDA of the business. The transaction is subject to regulatory approvals in various countries and is due to close in the third quarter of this year. Globally, Evonik’s methacrylates … Read more Evonik agrees to sell its methacrylate business for € 3 billion