MOSCOW (MRC) -- Evonik, the German specialty chemicals company, has opened its expanded production for precipitated silica in Rayong, Thailand. With this investment, Evonik increased its capacity for precipitated silica for the automotive industry, food and animal feed industry as well as the paints and coatings industry, as per the company's statement.
"Expanding our manufacturing footprint in South East Asia, Australia & New Zealand highlights our commitment to this region and allows us to better serve regional markets with state-of-the-art products and optimum solutions," described Peter Meinshausen, Regional President South East Asia, Australia & New Zealand.
Used in the tire and rubber industry, the combination of silica with silanes enables tire manufacturers to produce tires of much lower rolling resistance, thus reducing the overall fuel consumption by up to 8% compared to traditional tires.
"With this expansion, we are strengthening our operations in Thailand," explained Dr Florian Kirschner, Managing Director and Country Head Thailand. "This allows us to respond more quickly to changes in market demand and supply high quality products to our customers."
As MRC wrote earlier, Evonik Industries is significantly expanding its global isophorone (IP) and isophorone diamine (IPD) capacities by funding an investment of more than EUR100 million in Shanghai, China. The new production plants will be completed in the first quarter of 2014 and will increase the total capacities of IP and IPD significantly.
Evonik is one of the leading manufacturers of silica. In addition to precipitated silica, Evonik also produces AEROSIL fumed silica and silica-based matting agents under the ACEMATT brand. These are used in tires with low rolling resistance as well as in the paints and coatings industry, as flow additives and carriers in food, cosmetics and drug production, or in manufacturing silicon applications, among others. Overall, Evonik has a global capacity of around 500,000 metric tons per annum for precipitated, fumed silica, and matting agents.
Evonik, the industrial group from Germany, is one of the world leaders in specialty chemicals. Evonik is active in over 100 countries around the world. In fiscal 2013 more than 33,500 employees generated sales of around EUR12.9 billion and an operating profit (adjusted EBITDA) of about EUR2.0 billion.
MRC