Evonik to support Chinese anti-dumping investigations for methionine
On April 10, the Ministry of Commerce of the People's Republic of China announced anti-dumping investigations concerning the import of the essential amino acid and feed additive methionine from Japan, Malaysia and Singapore.
The period under consideration for possible dumping is for the calendar year 2018.In addition, it will also be analyzed whether domestic industry suffered losses in the calendar years 2016 to 2018 in this context. The investigation is said to be completed by April 10, 2020.
Evonik fully supports the investigations by the Chinese authorities and will provide competent bodies with all the necessary information and data. The company will cooperate fully the ongoing investigation, while being confident with respect to its outcome.
The specialty chemicals company is one of the world's leading manufacturers of the essential amino acid DL-methionine, which the company markets under the brand name MetAMINO®.
Evonik manufactures MetAMINO® at four locations in Antwerp (Belgium), Mobile (Alabama, USA), Singapore and Wesseling (Germany). The largest plant is located in Antwerp. Relying on this production network, Evonik supplies customers in more than 120 countries, ensuring a structurally reliable supply of methionine on a global basis - regardless of geographic location.
The essential amino acid methionine needs to be ingested with the feed. As a feed additive, it contributes to efficient, healthy and more sustainable nutrition of farm animals, especially poultry and pigs.
Company information
Evonik is one of the world leaders in specialty chemicals. The focus on more specialty businesses, customer-oriented innovative prowess and a trustful and performance-oriented corporate culture form the heart of Evonik’s corporate strategy. They are the lever for profitable growth and a sustained increase in the value of the company. Evonik benefits specifically from its customer proximity and leading market positions. Evonik is active in over 100 countries around the world with more than 36,000 employees. In fiscal 2018, the enterprise generated sales of €15 billion and an operating profit (adjusted EBITDA) of €2.6 billion.
Evonik’s international activities are organized into six regions. The Asia Pacific North region is headquartered in Shanghai. Sales in Asia Pacific North reached €2,276 million in 2018. Evonik regards China as one of the driving forces of the global economy and we consequently endeavor to grow our business here. The company now employs about 3,000 employees and has in total of 10 production sites in China.
Disclaimer
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.