Evonik acquires the polyurethane additives business of BYK-Chemie GmbH, a division of ALTANA AG
additives required in polyurethane (PU) foam production. Today, the Group has acquired the SILBYK® polyurethane foam additives business from BYK-Chemie GmbH, Wesel, Germany. The transaction includes the existing business contacts and expertise in the manufacture of SILBYK® products for the polyurethane foam industry. The acquisition complements Evonik’s existing, innovative portfolio of polyurethane foam additives. PU foams are mainly used as insulation material in the construction industry and in foodstuff cold chains and as upholstery material in the furniture-, mattress-, and automotive industry.
Evonik is a market leader in polyurethane additives, its key products being foam stabilizers. Evonik has excellent market access worldwide, a very good reputation in the industry, a wealth of experience in the formulation of polyurethane foam systems and foresees substantial growth prospects for the polyurethane additives segment due to its very high application and product development expertise. The transaction allows the Polyurethane Additives Business Line of Evonik to enhance its existing business in some market segments and to strengthen its overall market position in the long term.
The total market for polyurethane additives is growing continuously. Asia, especially China, is a regional growth market, and Evonik already has a strong market presence with its PU additives in this region. In addition to polyurethane foam stabilizers, the Evonik portfolio includes metal and amine catalysts, release agents, colorants, antioxidants, antistatic agents and other performance additives used in the manufacturing of polyurethane foams and to provide certain physical properties to the final foam products.
Evonik Industries is the creative industrial group from Germany which operates in three business areas: Chemicals, Energy and Real Estate. Evonik is a global leader in specialty chemicals, an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our strengths are creativity, specialization, continuous self-renewal, and reliability. Evonik is active in over 100 countries around the world. In its fiscal year 2009 about 39,000 employees generated sales of about €13.1 billion and an operating profit (EBITDA) of about €2 billion.
Evonik Industries has been producing specialty chemical products in China since the early 1990’s; with wide-ranging trading relations already in place prior to this. The Group now has a total of 20 companies and 16 production sites in the Greater China region. Evonik regards China as one of the driving forces of the global economy, and we consequently intend to increase our business in Greater China to around €2 billion in the medium term.
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.