March 12, 2015 - Evonik Tianda (Liaoyang) Chemical Additive Co., Ltd. (ETL), a joint venture of Evonik Industries AG, celebrates its 10 years anniversary. About 110 guests including key customers and partners attended the celebration.
Founded in 2005, ETL produces triacetonamine derivatives (TAA derivatives) and SiYPro® performance additives and serves customers in several countries such as China, Germany, USA, Japan, Korea, Singapore, Malaysia, Indonesia, and Taiwan. After moving to the Liaoyang National Aromatic and Fine Chemical High-Tech Industrialization Zone in 2010, ETL started to expand its production capacity. The new plant commenced operation in 2012.
“ETL is a key aspect of our growth strategy in the Greater China region. We pay attention to the development of China’s northeast region, and continue to expand our business in the region, ” said Dr. Claas-Jürgen Klasen, President Evonik Greater China region. “As a leading specialty chemicals company, we focus on the key megatrends health, nutrition, resource efficiency, and globalization as well as appealing markets of tomorrow. With extensive experience in TAA derivatives production, Evonik is committed to providing our customers with reliable and high quality products and solutions.”
TAA derivatives are recognized as a essential building blocks for the production of Hindered Amine Light Stabilizer (H.A.L.S.). These additives are used in low concentrations to protect and stabilize polymers under light, oxygen, and high temperature. The main applications are in the automotive and construction industries as well as agricultural films. H.A.L.S. is an environmentally friendly product. Applying H.A.L.S. can prolong the service life of polymers such as agricultural films by three to four years, lowering the cost significantly, and even reducing the white pollution caused by waste agricultural films.
Evonik regards corporate responsibility as an integral part for the sustainable development of the company. All Evonik sites in Greater China are ISO14001 certified. ETL has been operating according to high-standard management systems that ensure compliance and conformity to environment, safety, health and quality regulations. The company has obtained certificates like ISO 9001, ISO 14001, and GB/T28001-2011.
Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Profitable growth and a sustained increase in the value of the company form the heart of Evonik’s corporate strategy. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms. Evonik is active in over 100 countries around the world. In fiscal 2014 more than 33,000 employees generated sales of around €12.9 billion and an operating profit (adjusted EBITDA) of about €1.9 billion.
Evonik Industries has been producing specialty chemical products in the Greater China region (Mainland China, Hong Kong and Taiwan) since the late 1970’s; with wide-ranging trading relations already in place prior to this in the region. Evonik regards Greater China as one of the driving forces of the global economy and we consequently endeavour to grow our business in the region. The company now has around 3,000 employees in the Greater China region, the regional sales reached over €1.1 billion in 2014.
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.