Evonik Industries has laid the foundation stone for a large
plant to produce functionalized polybutadienes in Marl,
Germany, the company said on Wednesday.
The plant, with an annual capacity of several thousand metric
tons, is scheduled for completion in the middle of 2013. More
specific capacity figures were not disclosed.
The Germany-based specialty chemicals company said its
investment is in the mid double-digit million range in Euros
and will create 15 new jobs.
Functionalized polybutadienes, which Evonik plans to market
under the name POLYVEST HT, are used mainly in sealing
compounds for insulated glass windows and for adhesives used in
the automotive and electronics industries.
Today, we are laying the foundation stone for a
business with outstanding prospects for the future - it is
innovative and contributes towards the strong-growth megatrend
of resource efficiency, said Klaus Engel, chairman of the
Evonik executive board.
By choosing the production site in the heart of the
Ruhr region, we are once again demonstrating that industrial
production in Germany under competitive conditions is still
The new plant can make optimum use of existing
infrastructure and raw materials supply, the company said, as
well as utilize synergies with the current polybutadiene plants
in Marl Chemical Park.
As one of the world's biggest specialty chemical
companies, we back Germany as an industrial location and, with
our long-term investments, we are securing our industrial basis
here, said Mr. Engel.
In the first half of 2012 alone, Evonik spent 208
million of its total 391 million of investments in fixed
assets in Germany, according to the company.
In addition to new projects, Evonik also invests in
optimizing, maintaining and expanding existing facilities, as well as in completely
new products and in research and development, it said.
There is great demand for products that help us use
resources more efficiently, said Ulrich Küsthardt,
head of Evoniks coatings and additives business.
Especially in Germany and Europe, the market for
functionalized polybutadienes is characterized by a high level
of dynamic growth.