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Evonik on track with precipitated silica expansion program

11:54 AM MST | November 13, 2012 | Sotirios Frantzanas

Evonik Industries says it is halfway through a global precipitated-silica capacity expansion, announced in November 2010. The company says that its worldwide precipitated silica production capacity is on course to increase 30% by 2014 compared with 2010, higher than the 25% capacity-hike that was announced in 2010. The company is investing in the mid-double-digit euro range for the expansion. Capacity details were not disclosed. "With our expansion course, we are keeping pace with the growth of our worldwide key customers in the tire industry. We have...

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