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Eco-friendly binders and additives for paints and coatings are a key focus of new research facilities being built by specialty chemical maker Evonik Industries.
The company is investing €31 million (about $42.7 million US) to build two new “innovation centers” in its home base of Essen, Germany, in the Ruhr area.
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Evonik |
| Evonik supplies coatings and additives through 21 worldwide manufacturing facilities and technology centers. |
One research facility will be devoted to environmentally friendly additives and special binders for the paints and coatings industry. That facility is set to open by the end of 2012.
“We want to send out clear signals for sustainable growth and customer-oriented action,” said Klaus Engel, chairman of Evonik’s Executive Board.
‘Important Market’
“The paints and coatings industry is an important market for the Coatings & Additives Business Unit, one in which Evonik is a major manufacturer of binders, pigments, crosslinking agents, color pastes, matting agents, and additives,” the company said in a release.
The 5,000-square-meter center (about 53,819 square feet) will cost about $20 million, employ about 90 people, and “focus in particular on the environment and resource efficiency,” Evonik said.
The other center, dedicated to cosmetics research, will open in 2013.
Both the coatings and cosmetics industries are “strong market segments,” Engel said. “The Coatings & Additives and Consumer Specialties Business Units of Evonik here in Essen support both these industries with a wealth of experience and innovative prowess.”
Evonik has more than 34,000 employees in more than 100 countries. In 2010, the company had sales of about €13.3 billion (about $18.3 billion US).
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