“The plant is yet another important cornerstone in Evonik’s growth strategy,” said Christian Kullmann, chairman of the Executive Board of Evonik. “We’re focusing on businesses with a clear orientation toward specialty chemicals and on powerful innovations to significantly increase the value of the company.”
Organically modified specialty silicones form part of specialty additives. This is one of four growth engines in which the Essen-based industrial group sees above-average potential for growth and margins.
“Demand for specialty silicones has grown strongly over the past few years,” Kullmann said. “China and its neighboring countries are key markets for many applications. Thanks to the new plant, we will now be able to support our customers in the Asia region with even more speed and flexibility.”
Evonik has been successfully operating in China for more than decades. With the takeover of the specialty additives business of Air Products at the beginning of 2017 and the opening of new plants in Nanjing, Evonik has extended its activities in Asia.
The specialty chemicals group invested a high two-digit million euro sum in the construction of the new production facilities. Construction took about a year.