Last week, readers were most interested in Evonik’s plans to reorganize part of its business (Evonik to Reorganize High-Performance Polymer Business, Expand Polyamide Capacity): “Evonik recently announced that it is reorganizing its business for high-performance polymers within the polyamide group. The company has begun construction of a new polyamide 12 (PA 12) facility complex and is expanding its production of transparent polyamides at the Marl Chemical Park. Evonik reports that it is concentrating its activities on high-performance materials for attractive growth markets such as the automotive, oil and gas, 3D printing, and optics industries.
“As part of the reorganization process, Evonik will withdraw entirely from the polyphthalamide (PPA) business at its Witten site by the end of the first quarter of 2020. Evonik will transfer employees from the PPA plant to its Marl site, where they will work at the new PA 12 production plant.
“‘Reorganizing our polyamide business will concentrate our production and innovative strengths on specialty materials for promising applications in attractive markets such as lightweight construction, additive manufacturing, and composites,’ said Ralf Düssel, Ph.D., head of the High Performance Polymers business line at Evonik. ‘This, in turn, will give us a solid foundation for continuous growth. For our customers, the move will mean a more intense focus on developing sophisticated specialty solutions.’”
Does your company have expansion plans? I’d love to hear about it! Please send your stories me at suttons@bnpmedia.com or give me a call at (248) 786-1704.
Top 5 News that Sticks for May 26 - June 1
- Evonik to Reorganize High-Performance Polymer Business, Expand Polyamide Capacity
- New Study Projects Strong Growth for Industrial Adhesives
- Shurtape Adds Four Sales Managers to Industrial Packaging Team
- PPG to Maintain Business Portfolio Composition Following Strategic Business Review
- Michelman Mourns Passing of Former President and Chairman Philip S. Cohen
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.
