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Evonik invests in German operations  

By Gerald Ondrey |

Evonik Industries AG (Essen, Germany; www.evonik.com) is investing in its German operations with new large- scale industrial plants, capacity expansions, and new research centers. The company plans to invest some €2 billion of the extensive investment program it has developed as part of its growth strategy from 2012 to 2016 in Germany. "Germany has a strong and healthy industrial base. Our investments in Germany strengthen the international competitiveness of Evonik," says Klaus Engel, Chairman of the Executive Board. In fiscal year 2013, some €3 billion, or 24% of corporate sales, were generated in Germany, where Evonik employs approximately 21,000 people. With its investments in Germany, Evonik benefits from highly qualified and motivated employees, proximity to key customers, excellent research facilities and the existing integrated production networks at its sites. “Ensuring good investment conditions in Germany is the joint task of politics and business. This is where I hope for more support for industry, for example through more reliability and common sense when it comes to managing the turnaround in energy policy or a modern research funding,” emphasizes Engel. The Group is about to start up a…
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