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Business

Evonik plans for continued growth

by Marc S. Reisch
March 7, 2016 | APPEARED IN VOLUME 94, ISSUE 10

Expecting a bright 2016 following release of strong 2015 results, Evonik Industries has bought one business and is investing in two others. To bolster its nutrition business, it has acquired MedPalett, a Norwegian maker of food ingredients containing anthocyanin antioxidants extracted from bilberries and black currants. Evonik has started engineering on a world-scale plant in Singapore to make the animal feed additive methionine. And it plans to double capacity to make hollow-fiber gas separation membrane modules in Austria.

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