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Business
Evonik Is New Name For RAG, Degussa
September 17, 2007
| A version of this story appeared in
Volume 85, Issue 38
RAG, the German conglomerate that acquired the specialty chemicals maker Degussa last year, has rebranded itself as Evonik Industries in advance of a stock offering expected during the first half of 2008. Corporate names such as RAG and Degussa will no longer be used. Werner Müller, CEO of Evonik, says the company will benefit from the global "megatrend" of improving and increasing energy efficiency.
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