- New research facilities for the paints and coatings industry and the cosmetics industry
- Evonik Industries is investing around €31 million in the Ruhr area
- Chairman of the Executive Board Klaus Engel: "We want to send out clear signals for sustainable growth and customer-oriented action."
Klaus Engel, chairman of the Executive Board of Evonik Industries, has laid the foundation stones for two research and development centers at the Essen site: one for new, environmentally friendly additives and special binders for the paints and coatings industry, and one for innovative and sustainable products for the cosmetics industry. In total, the Group is set to invest some €31 million in the two building complexes. The innovation center for the paints and coatings industry is to be completed at the end of 2012, the innovation center for the cosmetics industry at the start of 2013. Over 180 employees will then move into a new and modern work environment. By taking this step, Evonik Industries, a group with global operations, is investing in Germany as a location for industry and at the same time enhancing its international innovative potential.
"Both the paints and coatings and the cosmetics industry are strong market segments. The Coatings & Additives and Consumer Specialties Business Units of Evonik here in Essen support both these industries with a wealth of experience and innovative prowess," Engel said. "We want to be in a position to offer our customers future-ready solutions. We do this by relying on high creativity and innovative expertise. The two innovation centers will not only offer us scope for research and development, they shall also strengthen our competitiveness and our position in the market. We therefore want to send out clear signals for sustainable growth and customer-oriented action."
Equipped to face new market challenges
The paints and coatings industry is an important market for the Coatings & Additives Business Unit, one in which Evonik is a major manufacturer of binders, pigments, crosslinking agents, color pastes, matting agents, and additives. In quest of new solutions and products, some 90 employees will conduct research activities at the first large (5,000 square-meter) innovation center, and will focus in particular on the environment and resource efficiency. The total costs of the building come to approx. €14.4 million.
The second innovation center, covering about 5,000 square meters, will develop new future-oriented products for the cosmetics industry. The total cost of this building amounts to roughly €16.6 million. Among other products, the Consumer Specialties Business Unit at Evonik manufactures cosmetic raw materials and active ingredients, emulsifiers, cosmetic oils, conditioners, and also performance additives such as thickeners.
"Evonik attaches great importance to considering the sustainability and ecological compatibility of both the new buildings. We consider ourselves as working hand in hand with customers from the consumer goods industry, who are increasingly using the concept of sustainability as a way to differentiate themselves," Engel explained.
Evonik, the creative industrial group from Germany, is one of the world leaders
in specialty chemicals. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. In 2010 about 80 percent of the Group’s chemicals sales came from activities where it ranks among the market leaders. Evonik benefits specifically from its innovative prowess and integrated technology platforms.
Evonik is active in over 100 countries around the world. In fiscal 2010 more than 34,000 employees generated sales of around €13.3 billion and an operating profit (EBITDA) of about €2.4 billion.
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.