Evonik’s Inorganic Materials Business Unit and the Russian Synttech Group are assessing the possibility of a cooperation.
Both parties are considering working together to manufacture Thermal Blacks. On June 30, 2008 representatives from both companies signed a Letter of Intent in Frankfurt, Germany. In the coming weeks they will jointly examine the financial and technical feasibility of such a relationship.
The Synttech Group acquired the exploitation rights of a gas field near Inta, a city in the Republic of Komi, which is located in the northeastern corner of European Russia. Together with Evonik the intention is to build and operate a plant with a capacity in the range of 20,000 metric tons per year using natural gas to produce Thermal Blacks. It is also intended that both companies would jointly be responsible for marketing and sales efforts.
According to Thomas Hermann, the President of Evonik’s Inorganic Materials Business Unit, “ the planned cooperation with Synttech takes into account the fast growing Eastern European economy, especially in Russia”. Thermal Blacks, manufactured with Evonik’s Technology, are primarily used by the Rubber Industry for the manufacturing of Mechanical Rubber Goods.
Evonik Industries is the creative industrial group from Germany which operates in three business areas: Chemicals, Energy and Real Estate. Evonik is a global leader in specialty chemicals, an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our strengths are creativity, specialization, continuous self-renewal, and reliability. Evonik is active in over 100 countries around the world. In its fiscal year 2007 about 43,000 employees generated sales of about €14.4 billion and an operating profit (EBIT) of more than €1.3 billion.
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