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

Aston Martin Vanquish Zagato makes its debut with a total of four variations including the Speedster and the Shooting Brake trims. As part of the limited edition model, the company...
by - August 17, 2017
Mitsubishi finally introduces the new Xpander MPV at the 2017 Indonesia International Auto Show in Jakarta Indonesia. Replacing the previous Expander, the new multipurpose vehicle will be mostly sold at...
by - August 16, 2017
Infiniti revealed its retro Prototype 9 race car before its slated debut at 2017 Pebble Beach Concours d'Elegance next week. In a recent press release, the company not only disclosed...
by - August 16, 2017
In the United States, not many automakers offer crossovers with a diesel engine option, but Chevrolet does, with their 2018 Equinox. Those who opt for this engine will get some...
by - August 16, 2017
Here are some things that potential buyers of the Ford F-150 and Ford Expedition could look forward to for the 2018 model year. The 2018 models of the F-150 pickup...
by - August 15, 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