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May 04, 2015 4:19 AM ET

Chemicals

Company Overview of Evonik Industries AG

Company Overview

Evonik Industries AG operates as a specialty chemicals company worldwide. Its Consumer, Health & Nutrition segment offers specialty chemicals primarily for consumer goods, animal nutrition, and healthcare sectors, including amphoteric surfactants, ceramides, phytosphingosines, fat chemistry products, quaternary derivatives, organically modified silicones, and superabsorbents; and amino acids and amino acid derivatives, synthesis products, pharmaceutical polymers, and DL-methionine. The company’s Resource Efficiency segment provides inorganic materials, such as fumed silicas, fumed metal oxides, precipitated silicas, matting agents, organosilanes, chlorosilanes, activated nickel catalysts, an...

Rellinghauser Strasse 1-11

Essen,  45128

Germany

33,241 Employees

Phone:

49 201 177 01

Fax:

49 201 177 3475

Key Executives for Evonik Industries AG

Chairman of the Executive Board and Chief Executive Officer
Age: 58
Total Annual Compensation: $2.3M
Chief Financial Officer and Member of Executive Board
Age: 45
Total Annual Compensation: $1.3M
Chief Operating Officer and Member of Executive Board
Age: 50
Total Annual Compensation: $1.3M
Chief Strategic Officer and Member of Executive Board
Age: 45
Total Annual Compensation: $625.0K
Chief Human Resources Officer and Member of Executive Board
Age: 51
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2014.

Evonik Industries AG Key Developments

Evonik's New Antwerp 100,000 Tonnes/Year BD Unit in Start-up Phase

Evonik's new 100,000 tonnes/year butadiene (BD) unit in Antwerp, Belgium, is in the start-up phase. The new BD unit had been planned to come online some time during the second quarter of 2015. There is much interest among European BD market players as to when exactly this and two other new BD units will come onstream this year to determine supply and demand balances. Although the market is currently constrained by supply issues, these are resolving and the outlook for any structural improvement in demand is flat. The status of OMV's new capacity BD unit in Burghausen, Germany, is unclear - production here is planned also for the second quarter, while MOL-TVK's new unit in Tiszaujvaros, Hungary is expected later in the third quarter.

Evonik Industries AG Introduces New Process Control System with Real-Time Optimization

Evonik Industries AG has introduced a new process control system with real-time optimization, or RTO, in some of its production plants. Real-time optimization serves as an extension to advanced process control systems (APCs) which facilitate the monitoring and technically optimum operation of modern chemical plants. The real-time optimization that has now been developed allows chemical plants to be controlled optimally both in technical and economical terms. A real-time optimization system constantly incorporates not only measurement data from the plant, but also various market data-prices for raw materials and energy, for example, as well as current market demand. Using all of this data, the RTO system permanently calculates the optimal operating condition of the plant and sends this information to the advanced process control system, which then controls the plant. For the Evonik plants, real-time optimization results in an estimated savings potential of EUR 50 million, which Evonik hopes to realize by the year 2025.

Evonik Reportedly Mulls Takeover Bid For Clariant And Other Firms

Evonik Industries AG (DB:EVK) is considering a takeover bid for Clariant AG (SWX:CLN), according to people familiar with the matter. "Evonik is considering a bid for Swiss peer Clariant to create a group with a market value of more than €20 billion ($22 billion),” but several sources familiar with the situation said it had also looked at Koninklijke DSM N.V. (ENXTAM:DSM) and Croda International plc (LSE:CRDA). Two of the sources said that work on a potential Clarianttie-up had passed a purely exploratory stage, while another source said that Clariant had not received any bid from Evonik. "Has someone leaked it to kill the deal at an early stage? "a source familiar with Evonik's thinking said, adding thatClariant and its owners had not been receptive to approaches from peers. Evonik has been reviewing options in recent months, these people said, as the German company has been looking to join the wave of M&A in the chemicals sector. Evonik said it did not comment on any market rumours. Clariant and CVC declined to comment.

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