ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

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 Mulls Plan For Performance Unit

by Michael McCoy
August 31, 2015 | APPEARED IN VOLUME 93, ISSUE 34

Evonik Industries wants to improve the competitive position of its performance materials business and says it is examining potential “cooperation” agreements for the unit. However, “there are no concrete plans to sell performance materials,” Evonik says. The statement softens remarks the firm’s finance director, Ute Wolf, made to Dow Jones Newswires recently. He said Evonik is considering a sale or partnership for the business, which makes acrylic plastics, polymer additives, and other chemicals. The business had sales in the first half of 2015 of about $2 billion, or more than 25% of Evonik’s overall sales.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment