Evonik Industries, Essen/Germany, intends to shutdown its production of polyethylene waxes in Herne/Germany at the end of December 2010. The Group has taken this step as a part of a profitability analysis. The modification and sale of Fischer-Tropsch based waxes will continue.
Evonik Industries will use best efforts to achieve a controlled withdrawal of the polyethylene waxes from the business.
Evonik Industries is the creative industrial group from Germany. In our core business of specialty chemicals, we are a global leader. In addition, Evonik is an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our company’s performance is shaped by creativity, specialization, continuous self-renewal, and reliability.
Evonik is active in over 100 countries around the world. In its fiscal year 2009 about 39,000 employees generated sales of about €13.1 billion and an operating profit (EBITDA) of about €2.0 billion.
Evonik for Adhesives & Sealants
As one of the leading suppliers for the adhesives and sealants industries, Evonik offers products and solutions that fulfill manufacturers' highest demands in terms of formulations. The continuously growing portfolio of products and services is just one expression of our innovative strength and flexibility. Visit us at: www.evonik.com/adhesives-sealants
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.