Recently, Evonik Industries announced that it has spent USD 630 million to acquire the silica business of J.M. Huber. At the same time, the group invested USD 120 million to establish Qingdao Evonik Silica Materials Co., Ltd. in Qingdao West Coast New District.
Evonik Industries AG (Evonik Industries AG) is a Fortune 500 company in the world and a leading global specialty chemical company. Mainly engaged in the research and development, production and sales of special chemical products, with a wide range of products, from automotive manufacturing to the pharmaceutical industry, covering a wide range, providing customers with various innovative solutions.
The entry of the project is another new exploration for the New District to introduce capital by encouraging foreign capital mergers and acquisitions, revitalize existing enterprises, and promote industrial transformation and upgrading. It has added new members to the world ’s top 500 enterprises in the New District, which is conducive to the introduction of internationally leading management experience. To inject new vitality into the economic development of the new district.