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Evonik Establishes JV for Extruded PMMA in South Africa

1:43 PM MDT | May 9, 2012 | Sotirios Frantzanas

Evonik Industries says it has established a joint venture, dubbed Evonik Acrylics Africa (EAA; Johannesburg), with plastics processor Ampaglas Plastics Group (Elandsfontein, South Afrrica), for the production of Evonik's extruded Plexiglas polymethyl methacrylate (PMMA) sheeting. Evonik holds a 51% stake in the jv, which will also be responsible for the marketing of extruded Plexiglas sheet products, particularly in African markets. Evonik is aiming, through the jv, to "further consolidate [its] market position through local production in attractive growth...

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