Evonik Industries

Shifting into Growth Mode Restructuring, cost cutting, and crisis have been common themes with many chemical makers for the past two years. Evonik Industries (Essen, Germany) was no exception as the company carried out a long-term restructuring started before the crisis and short-term measures to cope with the crisis. The company is now turning attention to growing the company’s specialty chemical portfolio with planned investment of €6 billion ($7.7 billion) over the next few years. Engel: Shifting Evonik to a growth mind set. Evonik has emerged from...

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