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Evonik Intends to Shut Down its Production of Polyethylene Waxes

Modification and sale of Fischer-Tropsch based waxes will continue

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Evonik Industries intends to shutdown its production of polyethylene waxes in Herne/Germany at the end of December 2010. The Group has taken this step as a part of a profitability analysis. The modification and sale of Fischer-Tropsch based waxes will continue.

Evonik Industries will use best efforts to achieve a controlled withdrawal of the polyethylene waxes from the business.

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