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Evonik Sets Course for Future of its Carbon Blacks Business

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By: DAVID SAVASTANO

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

Evonik Industries has decided to divest its carbon blacks business. Klaus Engel, chairman of the Executive Board of Evonik Industries AG, 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.”
    
Evonik’s carbon blacks business ranks second in the world. It has 1,700 employees in 12 countries and sales of around €1 billion.
    
“We are actively utilizing the opportunities offered by this strong position to open up new perspectives for the carbon black activities,” Mr. Engel noted. “Now is the right time to extend and secure their global presence through a change of ownership.”

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