Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Evonik Will Sell Carbon Black Business

by Michael McCoy
September 27, 2010 | A version of this story appeared in Volume 88, Issue 39

Following the July spin-off of its carbon black business as an independent unit, Evonik Industries has decided to divest the business outright. Evonik says the business, with 1,700 employees and annual sales of about $1.3 billion, is the world’s number two carbon black producer. But Evonik wants to concentrate on areas with above-average growth potential. “Given this, together with the increasing consolidation of the sector and the rising significance of Asian markets, Evonik sees better perspectives for the carbon black business outside the group,” the firm says.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.