20 August 2018
DETAILS
-
New fumed silica production facility planned
in Zhenjiang, China -
Investment amount
in the mid double-digit million Euro range -
New capacities to meet demand for
silicones, adhesives & sealants and paints & coatings
Evonik Industries and the Chinese company Wynca
have agreed to form a joint venture.
The new company, in which Evonik will hold 60 percent,
will produce fumed silica marketed under the name AEROSIL®.
The product is used in
* transparent silicones,
* coatings and paints,
* modern adhesives as well as
* non-combustible high-performance insulation materials.
The joint venture,
Evonik Wynca (Zhenjiang) Silicon Material Co., Ltd.,
plans to build a fumed silica production facility
in the Zhenjiang New Material Industry Park
(Jiangsu Province, China), investing an amount
in the mid double-digit million Euro range.
The facility, with a projected
annual output of 8,000 metric tons is scheduled
to become operational in 2021.
The overall project still requires the approval
of the relevant corporate bodies
and the competent authorities.
The global market for fumed silica is growing at around 5 %,
showing stronger growth than the global economy.
Key drivers for the fumed silica market in China
include
the silicone industry for adhesives and sealants
in buildings and cars as well as gel batteries
such as those used in electric bikes.
The joint venture will supplement
Evonik's global network of AEROSIL® production facilities,
while Wynca plans to further expand its business
with silicon-based products,
using the benefits of a shared approach.
Harald Schwager,
Deputy Chairman of the Executive Board of Evonik Industries
“With the joint venture, we are consistently continuing
to strengthen our Resource Efficiency segment.
* Following the acquisition of the Huber silica business and
* the associated expansion of our precipitated silica capacities
* as well as the growth of our fumed silica capacities in Antwerp,
we are now taking the next step
with the first fumed silica plant
in the attractive Chinese market.
Wynca is a strong partner to do this
and we look forward to the future cooperation”,
Precipitated and fumed silica
are among the company’s “Smart Materials,”
one of four strategic growth engines
identified by Evonik
for above-average market growth and margin potential.
Evonik Industries AG
Edda Schulze
External Communications
Phone +49 201 177-2225
edda.schulze@evonik.com
Evonik Resource Efficiency GmbH
Susanne Diehl Communications Silica
Phone +49 6181 59-13347
susanne.sd.diehl@evonik.com
Wynca Group
Yu Shengua
Phone +86 571-88142226
yushenghua0522@163.com
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