Shanghai, China. Evonik is showcasing its wide portfolio for the coatings industry at ChinaCoat in Shanghai on November 15-17, 2017. This is the company’s first appearance on the major coatings tradeshow in Asia after acquiring the specialty additives business of the US company Air Products. The acquisition makes Evonik the leading specialty supplier with some 2,000 product offerings providing comprehensive and efficient solutions for the coatings industry.
“At present, the long-awaited cyclical recovery in investment, manufacturing, and trading is underway and the global economy is picking up steam. We have invested in new capacities, integrated the business we have acquired from Air Products, opened new plants and are now at this year's ChinaCoat to showcase our portfolio of comprehensive and efficient coatings solutions,” said Dr. Claas-Jürgen Klasen, President of Evonik Asia Pacific North. “Our strategy is to offer a comprehensive, customer-focused portfolio of innovative, sustainable products that bring added value to our customers and the whole industry.”
This January, Evonik merged its Coating Additives Business Line, the coatings business of its Silica Business Line and the specialty additives branch of Air Products with a focus on substrate wetting additives. In July, the new Crosslinkers Business Line combining Evonik’s isophorone chemistry and epoxy curing agent businesses came on line. These moves helped Evonik significantly expand its product portfolio and solidify its leading position in the coatings industry.
The company also opened a new plant in Shanghai this September to produce a wide range of organically modified specialty silicones. These products are widely used in polyurethane, paints and coatings applications, as well as in a variety of industrial applications. With the new plant, Evonik is able to support customers in the Asia region with even more speed and flexibility.
Under the motto “One partner. Many experts,” Evonik is using ChinaCoat 2017 to spotlight its commitment to sustainability, responsibility and innovation. Visitors to the Evonik booth D05-12, Hall W3, will have exciting opportunities to experience Evonik products. They can take VR tours to learn how Dynasylan® SIVO 140 is formulated to create a zinc dust paint or how High Throughput Equipment (HTE) accelerates the search for the best coating formulation.
Visitors will also be able to meet and interact with robots “NAO” at the show. Evonik's WeChat smart assistants will also be on hand to help with product enquiries or information about the tradeshow.
Evonik is one of the world leaders in specialty chemicals. The focus on more specialty businesses, customer-orientated 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 2016, the enterprise generated sales of around €12.7 billion and an operating profit (adjusted EBITDA) of about €2.165 billion.
Evonik’s international activities are organized into six regions. The Asia Pacific North region consists of China, Taiwan, Japan & Korea, and is headquartered in Shanghai. Sales in Asia Pacific North reached 1,947 million euros in 2016. 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.
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.