Article**: New Chemical Materials***
Evonik completes the acquisition
Evonik recently announced that it has fully acquired its former joint venture in Saraburi Province, ThailandThai peroxide ***TPL).。The acquisition, which was successfully completed on December 15, marks an important strategic deployment for Evonik in the global peroxide market.
TPL is a Thailand leader specializing in hydrogen peroxide and peracetic acid for a wide range of applications, including microchip production and solar cell manufacturing, water treatment and food safety. The company's annual sales reach a median of several million euros. Previously, TPL was a joint venture between Peroxychem and the Aditya Birla Group until Evonik's acquisition of Peroxychem in February 2020. Evonik then holds a 50 percent stake in TPL and gradually takes over the full stakeover.
As a global producer of peroxides, Evonik is expanding its range of premium hydrogen peroxide and peracetic acid in the fast-growing Asia-Pacific market. The acquisition supports Evonik's ROS business line in its strategic focus on specialized products for future applications.
Internet.
Lauren Kjeldsen, Head of Smart Materials at Evonik, said: "TPL's expertise is perfectly aligned with Evonik's goal of providing customized solutions to meet current and future challenges. He added: "This includes providing clean, sustainable chemicals for high-demand applications. Electronics is an important example: the world needs microchips, and making them requires the production of hydrogen peroxide. ”
Michael Traxler, Head of Active Oxygen Business Line at Evonik, said: "In Active Oxygen business, we are particularly excited about the synergies created between TPL employees and colleagues in the region. When we acquired Peroxychem in 2020, it was to reinforce the strategic focus of the ROS business on professionalism, customer proximity and sustainability. The full integration of TPL into our business lines now allows us to continue this trajectory, including the integration of our sustainability strategy across all our production sites. ”
Evonik announces capacity expansion
Evonik has decided to expand its Polyvest HT plant in Marl, GermanyCoatings & Coating Adhesives Resins business line。This investment involves millions of euros and is expected to increase itsTerminal hydroxyl polybutadiene (HTPB)., the product will be sold under the Polyvest brand.
Dr. Stefan Pfaffenbach, Head of Business Line, said: "This expansion is part of our ongoing efforts to provide a more reliable service to our customers around the world. In a highly competitive market, we are consolidating our position as a leader in cost and innovation. ”
Internet.
The expansion comes ten years after the start of production at the HTPB plant in Marl. Production is backward integrated, with butadiene produced directly at the plant in Marl, Germany, while hydrogen peroxide is supplied by Evonik AG.
Polyvest brand HTPB is a liquid hydroxy-terminated polybutadiene produced by free radical polymerization. The polymer has a highly hydrophobic polybutadiene backbone and a primary hydroxyl group that can be precisely chemically modified.