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Evonik Industries ups investment in South America, breaks ground on oleochemicals unit in Brazil

2:19 AM MDT | October 24, 2012 | Natasha Alperowicz

Evonik Industries announced today that it is investing €200 million ($258.6 million) in the "attractive growth markets of Brazil and Argentina," with 3 new plants planned in those countries. The investments will help Evonik reach sales of €1 billion/year in South America by 2016, up from the €650 million the company achieved in 2011. The plants include units for the production of cosmetics ingredients, feed amino acids, and biodiesel catalysts. Evonik is building a previously...

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