MOSCOW (MRC) -- In August Evonik Acrylics Africa (EEA) is to begin producing extruded PLEXIGLAS sheets in Elandsfontein, Johannesburg, according to the company's press release.
With an initial number of 20 employees and a new extrusion facility, some several thousand metric tons of semi-finished material will be produced per year for the African market. The products, which are manufactured in accordance with international quality standards, include standard formats as well as special sizes.
"Over the past years we have continuously expanded the visibility of the PLEXIGLAS brand in Southern Africa with the aim of becoming the market leader in this region," explains Holger Morhart, Business Director of Evonik Acrylics Africa.
In May 2012, to this end, Evonik entered into a joint venture with the South African plastics processor Ampaglas Plastics Group, one of the largest manufacturers of extruded plastics in Southern Africa. Since then, the partners have further expanded the distribution network under the name Evonik Acrylics Africa. Production will begin now in August at the plant in Elandsfontein.
We remind that, as MRC reported earlier, in June 2013, Evonik has 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. In fiscal 2012, the company generated sales of around EUR13.6 billion and an operating profit (adjusted EBITDA) of about EUR2.6 billion. The international rating agency Moody's has upgraded the credit rating of the German speciality chemicals group Evonik Industries AG from Baa3 with a positive outlook to Baa2 with a positive outlook.
MRC