Evonik to build new plant in Asia, rushes to restart resin production in Germany

Article by Christian A., on April 19, 2012

Amid the shortage of the nylon 12 materials used to make plastic auto parts, Evonik Industries AG announced that a resins plant will soon be built in Asia. Nylon 12 is used for fuel tanks, brake components and seat fabrics. However, this will be completed only after several years so this doesn’t resolve the current dilemma faced by automakers and suppliers.

Its executives are working hard to lessen the impact of a March 31 explosion at its resins plant in Marl, Germany, and to resume production right away. Gregor Hetzke, head of the company's performance polymers unit, said that there’s “quite a lot of damage" at the plant.

He said that it will likely take three to six months for the plant to reopen. The closure of this plant is expected to result to production interruptions for several automakers. Dahai Yu, a member of the executive board of Evonik, said that a location will be decided soon and that the plant is slated to open in 2014. Evonik reported a record-breaking 14.5 billion euros ($18.9 billion) in global sales for 2011.

About 3.1 billion euros ($4 billion) is from the company's plastics business while Asia accounted for 20% of its overall sales. Evonik hopes to expand in Asia, with a target of attaining 4 billion euros ($5.23 billion) in sales in the region by 2015, raising Asia's share to 30% of global sales. Yu seeks to double sales in Asia. Yu also said that a strategy project was concluded recently.

If you liked the article, share on:

Comments

Recommended

November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
More details have emerged about the new sixth generation of the BMW M3 just as the German premium practically announced the end of the current-gen 3 Series with the unveiling...
by - November 17, 2017
All is set for Volkswagen’s plans to enter the electric vehicle game, as prompted by the so-called Dieselgate scandal. In fact, the German carmaker has already made a commitment to...
by - November 17, 2017
As BMW has already revealed, the next generation of the BMW M5 (F90) is a four-wheel drive high-performance sedan with overwhelming power output and torque at its disposal. However, it...
by - November 17, 2017
McLaren unveiled a one-off Gold - on - Black 720S at the 2017 Dubai Motor Show which will be on display throughout the entire stretch of this week’s event. The...
by - November 16, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries