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People & Business :: Companies

K2010: Evonik Initiates Divestment Process for Carbon Black; Makes Progress on Superabsorbents Investment in Saudi Arabia

10:49 AM MDT | October 28, 2010 | Natasha Alperowicz in Düsseldorf

Evonik Industries has “mandated a bank“ to sell its carbon black business, under a previously announced plan to divest the operation, says Partik Wohlhauser, Evonik Degussa board member. He was responding to CW´s question at a press briefing today at the K2010 plastics show in Düsseldorf, but he declined to identify the bank. “We have analysed different options for that business and came to the conclusion that the best option is to sell that business,” he says. Separately, a previously announced plan to build an 80,000-m.t./year...

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