Evonik spins off carbon black business
July 13, 2010
Evonik Industries has spun off its carbon black production business as an independent subsidiary and is now considering what to do with it. The options are to float it as an independent business, form a partnership with another company, or to sell it. A decision is expected before the end of the second half of the year.
Evonik reckons to be the second largest carbon black manufacturer worldwide. It manufactures at 17 sites in 12 countries on four continents. In the last fiscal year some 1,700 employees generated sales of about Eur 1 billion.
Products of Evonik Carbon Black are used mainly as reinforcing fillers for rubber and as pigment blacks in plastics, speciality coatings, and colorants.
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