International.
Evonik has started the construction of a production plant for organically modified special silicones in Shanghai, China. The project is part of a global investment initiative. The first expanded production plant in Essen came online at the end of 2014.
The new facility is being built at the Multi-User-Site (MUSC) in Shanghai Chemical Industry Park, scheduled for completion in mid-2017. The investment volume is in the double-digit range in millions of euros.
"With this investment, we are strengthening our leading position in the market and technology," said Klaus Engel, Chairman of the Board of Directors, during the ceremony in Shanghai. "We want to expand our production capacity in Asia to serve the growing demand with local production. That's why we're expanding our production capacity in this region."
"Based on our business operations in Shanghai for more than 15 years, we want to keep supporting the success and growth of our customers in Asia and beyond as a reliable partner," said Dr. Hans Josef Ritzert, member of Evonik's Management Board.
