Investor Relations News
C4 plant at Evonik's Antwerp site back in operation
Essen, Germany. The C4 integrated production facility at the Antwerp site was successfully restarted early June. Thanks to the extraordinary performance of the operating team, it has been back in normal operation since mid-June.
On May 7, 2017, there was an incident in the plant, which is part of the Performance Intermediates Business Line. As a result of the production outage, force majeure was declared on May 9, 2017. The force majeure declaration could be lifted on June 13, 2017.
The financial impact is covered by insurance. For the Evonik Group, a deductible payment of around -20 € million remains, which will be fully reported in second quarter results. The smaller share of the deductible payment is attributable to the Performance Materials segment, the larger share to the Services segment.
Even considering these effects, Evonik is expecting the Performance Materials segment to report a strong second quarter in 2017, at least on previous quarter levels. For the Group as a whole, Evonik continues to expect another sequential increase in adjusted EBITDA in the second quarter compared to the first quarter.