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Evonik held its own in difficult 2013

February 25/2014

MOSCOW (MRC) - Evonik has performed well in an difficult business environment last year, the German specialty chemical group's largest shareholder said Reuters

Evonik, a maker of animal feed additives, acrylic glass and super-absorbents for diapers, "held up very well" last year, the head of state-backed trust RAG, Werner Mueller, told journalists at an event late on Thursday.

The trust currently holds about two thirds of Evonik, which is Germany's second-largest chemicals maker after BASF and which is due to report full-year earnings on March 7.

Mueller said the RAG foundation was too highly exposed to the chemicals industry.

"It would not be unreasonable to lower this risk," he said. He added, however, that there were not immediate plans to lower RAG's stake in Evonik.

We remind that, as MRC reported earlier, in 2013, Evonik launched a new generation of PVC plasticizers under the ELATUR product brand. With this strategic portfolio expansion, Evonik is consistently developing its range of sustainable plasticizers. Plasticizers from Evonik are primarily used in the plastics, automotive, and construction industry.

Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms. Evonik is active in over 100 countries around the world.
Author:Anna Larionova
Tags:PVC, soft compounds, Evonik.
Category:General News
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