Evonik is reportedly investing an amount in the upper double-digit million euro range in the expansion of its fumed silica capacities in Antwerp, Belgium. The production complex is scheduled to become operational in the summer of 2019.
"The investment is a good fit for our strategy to concentrate more on distinct specialty chemicals businesses and to gradually create a more balanced portfolio," says Christian Kullmann, chairman of the executive board. "With this investment in the silica business, which has low cyclicality, we are consistently following our growth course and solidifying our position as a leading global provider. Following the planned takeover of the Huber silica business and the continuous expansion of precipitated silica capacity, the AEROSIL expansion in Antwerp is the next logical step."
For more information, visit www.evonik.com.