openPR Logo
Press release

Restructuring at Niederkassel Site. Evonik to Shut Down its Malonate Plant as Scheduled

05-14-2009 10:12 PM CET | Industry, Real Estate & Construction

Press release from: Evonik Degussa GmbH

Niederkassel, Germany, 08.05.09. In June of this year, Evonik Industries will close the malonates plant in Niederkassel, a city on the Rhine River, as scheduled, thereby reaching an important goal in the long-term restructuring of the Niederkassel site. In line with a concept adopted at the end of 2006, the company wants to secure the future of the site in the long run by concentrating on products with good long-term market prospects. In Niederkassel, then, Evonik will concentrate on alcoholates, which are used in producing biodiesel fuel, and on potassium derivatives. The long-term market prospects for both product groups are good.

Producing malonates, which are used primarily as precursors in the chemical, pharmaceutical, and perfume industries, is no longer profitable in Europe. The reasons are overcapacity and raw material prices, which are too high compared to those in other countries. In particular, businesses in China have intensified the competition. The employees who have been working in the malonate plant so far will be used in other production areas at the facility. Evonik currently employs about 600 people in Niederkassel.

Information on the Group
Evonik Industries is a creative industrial concern headquartered in Germany with Chemicals, Energy and Real Estate Business Areas. Evonik is one of the leading companies in the world in specialty chemicals and an expert in generating electricity from hard coal and renewable energies, as well as one of the largest private residential real estate companies in Germany. Creativity, expertise, continual self-renewal, and reliability are our strengths. Evonik is active in more than 100 countries. About 41,000 employees generated sales revenues of about EUR 15.9 billion and operating profits (EBITDA) of about EUR 2.2 billion in fiscal year 2008.

Legal notice
To the extent we make forecasts or express our expectations in this press release or our statements relate to the future, the forecasts or expectations expressed may be associated with known or unknown risks and uncertainties. Actual results or developments may differ based on changes in general conditions. Neither Evonik Industries AG nor its affiliates assumes any obligation to update the forecasts, expectations, or statements contained in this press release.

Dr. Edda Schulze
Phone +49 69 218-2712
Fax +49 69 218-62712

Evonik Degussa GmbH
Weißfrauenstraße 9
60287 Frankfurt am Main
Phone +49 69 218-01
Fax +49 69 218-3118

Supervisory Board
Dr. Klaus Engel, Chairman
Board of Management
Patrik Wohlhauser, Chairman
Ralf Blauth, Dr. Thomas Haeberle

Registered Office is Essen
Register Court
Essen Local Court
Commercial Registry B 20227

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Restructuring at Niederkassel Site. Evonik to Shut Down its Malonate Plant as Scheduled here

News-ID: 79049 • Views: 1198

More Releases from Evonik Degussa GmbH

Brilliant Polymer Screens
Brilliant Polymer Screens
PLEXIGLAS® by Evonik significantly reduces the weight of car screens. After testing new material concepts in racing cars, the successful technical concept is now on the way to be transferred to serial production. Essen, Germany, June 29, 2009. Every pound counts—not just at summery beaches, but also in cars at the race track. “A weight reduction by 40 to 50 percent in a single component makes the heart of every race
NanoCare Project Builds Trust
NanoCare Project Builds Trust
Nanomaterials knowledge base expanded/ OECD receives results/ Contribution made to standardization of international testing methods Essen, Germany, 16.06.2009. The NanoCare Project has gained new knowledge about the effects of nanomaterials on health and on the environment. Dr. Peter Nagler, head of Innovation Management for Evonik’s Chemistry Business Area, said that the project, sponsored by the Federal Ministry of Education and Research, would immensely help create a broad basis for safe and

More Releases for Niederkassel

Evonik Continues to Develop Alcoholate Business in the Biodiesel Market
Evonik starts up new plant in Mobile, Alabama, USA / Demand for biodiesel expected to increase MOBILE, Alabama, USA, April 28, 2009. Just nine months after laying the cornerstone, Evonik has dedicated a new production plant for sodium methylate in Mobile, in the U.S. state of Alabama. With an annual capacity of 60,000 metric tons, the plant will supply a ready-to-use catalyst for biodiesel production from natural oils such
euNetworks upgrades fiber optic network in Düsseldorf and offers extreme perfor …
Düsseldorf/Frankfurt, 10 June 2008 - euNetworks (SGX: H23.SI), Europe’s foremost provider of mission-critical, extreme performance and capacity data services, today announced that it has upgraded its fiber optic network in Düsseldorf (Germany) to meet the ever-increasing networking requirements within and beyond the borders of the state capital. Via this highly improved network, the company will supply a range of new on-demand and bespoke high-performance services, such as pan-European datacenter and