Evonik Industries, one of the leading suppliers of methacrylate chemistry, is increasing the production capabilities of its Methyl Methacrylate plants throughout the world, to meet the rising demand.
Evonik will increase their production capabilities of Methyl Methacrylate through debottlenecking and plant expansion projects in their existing plants in Europe (Worms and Wesseling in Germany), Asia (Shanghai in China), and the United States (Fortier) in 2011 and 2012. Upon completion of the projects Evonik industries will be able to produce approximately 50,000 additional metric tons of Methyl Methacrylate. Thomas Muller, Senior Vice President & General Manager Acrylic Monomers, said of the previously announced expansion of the Methyl Methacrylat capacity: "We are reacting timely to support the growth of our customers."
Methyl Methacrylate is primarily used for Polymethylmethacrylate resins and surface coatings. Evonik Industries produces and markets Methyl Methacrylate, Methacrylic Acid, n- and i-Butyl Methacrylate, Hydroxy Methacrylates, and Special Methacrylic Monomers under the trademark VISIOMER®.
Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Its activities focus on the key megatrends health and nutrition, resource efficiency and globalization. In 2010 about 80 percent of the Group's chemicals sales came from activities where it ranks among the market leaders. Evonik benefits specifically from its innovative prowess and integrated technology platforms.
Evonik is active in over 100 countries around the world. In fiscal 2010 more than 34,000 employees generated sales of around Euro13.3 billion and an operating profit (EBITDA) of about Euro 2.4 billion.
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.