Evonik Chemicals gets new organisational structure
11 Dec '07
2 min read
This was decided by the Supervisory Board of Evonik Degussa GmbH at their meeting held. The twelve Chemical business units will be consolidated into six business units.
The existing Technology Specialties, Consumer Solutions and Specialty Materials reporting segments remain unaffected by this. The reorganisation work will commence at the beginning of 2008 and should be completed within six months.
On Evonik's way to the capital markets the new structure will make a considerable contribution to more efficiency and market orientation in the Group overall. By doing so the businesses will have the necessary critical mass in each of their worldwide markets.
The resources and experience of the Chemical business area will be bundled into six new business units: - C4-Chemistry and Building Blocks will become Base Chemicals - Aerosil & Silanes and Advanced Fillers & Pigments will become Inorganic Materials - Care & Surface Specialties and Superabsorber will become Consumer Specialties - Feed Additives and Exclusive Synthesis & Catalysts will become Health & Nutrition - Coatings & Colorants and Specialty Acrylics will become Coatings & Additives - High Performance Polymers and Methacrylates will become Performance Polymers
In conjunction with the introduction of a new organisational structure for the Chemicals business area of Evonik, Dr Manfred Spindler (58) will be leaving the managing board of Evonik Degussa GmbH bymutual agreement on January 31, 2008.
Dr Spindler will remain active for Evonik in his new function as a member of the Evonik Degussa GmbH Supervisory Board.
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