Evonik Industries has announced plans to build new research facilities for the paints and coatings industry and the cosmetics industry. The company is investing approximately €31 million in the Ruhr, Germany area.
Klaus Engel, chairman of the executive board of Evonik Industries, has laid the foundation stones for two research and development centers at the Essen site: one for new, environmentally friendly additives and special binders for the paints and coatings industry, and one for innovative and sustainable products for the cosmetics industry. In total, the group is set to invest approximately €31 million in the two building complexes. The innovation center for the paints and coatings industry is to be completed at the end of 2012.
“Both the paints and coatings and the cosmetics industry are strong market segments. The coatings and additives, and consumer specialties business units of Evonik in Essen support both these industries with a wealth of experience and innovative prowess,” Engel said. “We want to be in a position to offer our customers future-ready solutions. We do this by relying on high creativity and innovative expertise. The two innovation centers will not only offer us scope for research and development, they shall also strengthen our competitiveness and our position in the market. We therefore want to send out clear signals for sustainable growth and customer-oriented action.”
The paints and coatings industry is an important market for the coatings and additives business unit, one in which Evonik is a major manufacturer of binders, pigments, crosslinking agents, color pastes, matting agents and additives. The total costs of the building is approximately €14.4 million.