International. Evonik will strengthen its technology platform for special silicones with a global investment initiative. Overall, the company plans to invest a triple-digit amount in millions of euros in the coming years and gradually increase the production volume of special silicones.
"With our investment initiative we want to strengthen our position as a technology leader and reach new market opportunities," said Evonik Executive Board Member and Chief Operating Officer Patrik Wohlhauser.
In Essen, the company is executing the expansion of a plant for the production of these special products. The investment for this expansion is in the double-digit range in millions of euros. The increase in production in Germany, evonik accompanied it with the growth of its customers in the European market. As part of the global investment initiative for special silicones, additional production expansions are planned in Essen.
The market for specialty silicones continued to grow in recent years. This development is mainly due to the construction, textile, coatings, furniture and household appliances industries. Especially with strong demand in Asia. Evonik responds to this positive development by expanding its headquarters in Shanghai (China) with a new production complex for special silicones.
