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Evonik ups investment

8:23 AM MDT | October 26, 2012

Evonik Industries announced 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 that the company achieved in 2011. The plants include units for the production of cosmetics ingredients, feed amino acids, and biodiesel...

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