(prw) -- Evonik has announced it will sell its carbon blacks business as part of a strategic refocusing of the group's business.
Klaus Engel, chairman of the executive board of Evonik Industries, said: "Our declared aim is to find a solution that is equally convincing for customers, employees and business partners. The decision to divest this business provides the best basis for sustained investment in carbon blacks, new growth prospects and for securing future-oriented jobs in the long-term."
The company said its ⌠carbon black activities are no longer defined as part of Evonik Industries' core business and have already been carved out to a separate legal entity.
MRC