Evonik announced that it will open a new branch in Chengdu, Sichuan province in the first quarter of 2012. The new branch will be located at Yanlord Landmark in the heart of Chengdus central business area.
Developing the west is a matter of vital importance in China’s 12th Five-Year Plan. With the implementation of the government’s ambitious strategy, Chengdu is gradually playing a leading role in the development of the western region in China. This move of Evonik will expand the company’s presence in China and enable Evonik to further explore growth opportunities in this region.
“Chengdu has become the economic and financial hub of West China and already has a complete chemical value chain. It therefore attracts international companies to set up branch offices here.” said Dr. Hans-Josef Ritzert, Regional President Greater China of Evonik Industries, “With our new branch in Chengdu, we will tap more business potential opportunities in western China. Our local presence will also benefit the existing customers in this area. We will be able to support them with faster and more responsive services. “
A team that consists of members from all business units of the company will start to work in the new Chengdu branch from this year. The team will focus on providing solutions based on Evonik’s entire product portfolio mainly in the area of automotive, electronics, coatings, feed, health care and construction industries. The company also plans to increase the staff number along with the business expansion in western China in the future.
Evonik, the creative industrial group from Germany, is one of the world leaders
in specialty chemicals. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. In 2010 about 80 percent of the Group’s chemicals sales came from activities where it ranks among the market leaders. Evonik benefits specifically from its innovative prowess and integrated technology platforms.
Evonik is active in over 100 countries around the world. In fiscal 2010 more than 34,000 employees generated sales of around ?3.3 billion and an operating profit (EBITDA) of about ?.4 billion.
Evonik Industries has been producing specialty chemical products in the Greater
China region (Mainland China, Hong Kong and Taiwan) since the late1970’s; with
wide-ranging trading relations already in place prior to this in the region. The
Group now has a total of 18 companies and 15 production sites in the Greater
China region. Evonik regards Greater China as one of the driving forces of the
global economy and we consequently endeavour to grow our business in the
region.
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.
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