Evonik lays foundation stone for new chemical plant in Marl
Evonik Industries laid the foundation stone for a new, large plant to produce functionalized polybutadienes in Marl, Germany. The plant, with an annual capacity of several thousand metric tons, is scheduled for completion in the middle of 2013. The specialty chemicals company's investment in its largest production site worldwide is in the mid double-digit million € range and will create 15 new jobs. Functionalized polybutadienes, which Evonik plans to market under the name POLYVEST® HT, are used mainly in sealing compounds for insulated glass windows and for adhesives used in the automotive and electronics industries, for example.
Klaus Engel, Chairman of the Executive Board of Evonik Industries underlined that "as one of the world's biggest specialty chemical companies, we back Germany as an industrial location and, with our long-term investments, we are securing our industrial basis here." In the first half of 2012 alone, Evonik spent €208 million of its total €391 million investments in fixed assets in Germany. Evonik invests in Germany in growth projects such as the new POLYVEST® HT plant - but also in optimizing, maintaining and expanding existing facilities, as well as in completely new products and in research and development.
With its new plant, Evonik is extending its existing portfolio of polyesters, polymethacrylates, amorphous poly-alpha-olefins and polybutadienes for the adhesive and sealants industries.
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