Sector News

Evonik to retain specialty monomers division after methacrylates divestment

September 26, 2018
Chemical Value Chain

Evonik has decided to retain its specialty monomers division following the anticipated divestment of its methyl methacrylate (MMA) and polymethyl methacrylate (PMMA) business units, according to a letter to customers seen by ICIS on Tuesday.

Evonik MMA plant ShanghaiThe company announced in March this year that it is considering spinning off the divisions, with any potential sale potentially fetching a price tag of €1.8bn, according to market analysts.

The specialty monomers division had been expected to be part of the carve-out.

“Evonik’s experience has shown that its specialty methacrylates and its oil additives businesses complement each other,” said the producer.

“The group [with branded name] Visiomer specialty monomers from the Application Monomers product line will be integrated into the Evonik Resource Efficiency segment.”

Evonik’s delivery obligations remain in place, it told its customers.

By Katherine Sale

Source: ICIS News

comments closed

Related News

May 27, 2023

Unveiling the future of packaging: Interpack 2023 review

Chemical Value Chain

After a six-year break, Interpack – Europe’s largest packaging trade fair – made a highly anticipated return in 2023, providing attendees with a comprehensive overview of the latest packaging trends and advancements. This year’s event took place in Düsseldorf, Germany, from 4 to 10 May.

May 27, 2023

Hillenbrand to acquire Schenck Process Group for $730m

Chemical Value Chain

Processing equipment and solution provider Hillenbrand has announced plans to acquire Schenck Process Food and Performance Materials (FPM) for around $730 million. FPM, a portfolio company of private investment firm Blackstone, develops, manufactures, markets and sells a full range of solutions, products and systems for the food, chemicals and performance industries.

May 27, 2023

Sidel equips Yili Group with Aseptic Lab filler to advance R&D in dairy and soft drinks

Chemical Value Chain

Asian dairy company Yili Group is strengthening its partnership with Sidel by installing the equipment provider’s Aseptic Lab filler to research and test product designs. Sidel’s Aseptic Lab filler is said to be compact and customized to meet Yili’s R&D needs for test runs consisting of a small number of bottles with different shapes and sizes.

How can we help you?

We're easy to reach