Model portefeuille
Rendement portefeulle
+12.035 %

Rendement AEX
+33.325 %

Startdatum
01-01-2009

Startwaarde portefeuille € 74082.37

Startwaarde AEX
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Laatste update:
29-01-2010

Evonik joint venture expands capacity for TAA derivatives in China

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Overig advies 27/03/2018 11:45
• 50 percent capacity increase
• Evonik to solidify its leading position in TAA derivatives
• Strong growth potential in the future

Evonik Tianda (Liaoyang) Chemical Additive Co., Ltd. (ETL) has increased its production capacity for triacetonamine (TAA) derivatives in Liaoyang by 50 percent. With the expansion, the joint venture of Evonik China and the Chinese NEPC (Northeast No.1 Electric Power Construction CO., Ltd.) is responding to continuous growth in market demand.

TAA derivatives are essential precursors for the manufacture of hindered amine light stabilizers (HALS). The additives are used in low concentrations to protect and stabilize polymers against decomposition caused by light, oxygen and heat and can therefore increase the life expectancy of plastic materials up to ten times. They are found in many products of the automotive and construction industry as well as in the manufacture of agricultural films.

“With our new production capacities, we can support the growth of our customers and serve global markets even more effectively,” says Zhong Yao, managing director of ETL. The construction work for the expansion began in 2017 and was successfully completed in March 2018.

“We have been a successful player in the global TAA derivatives market for over 30 years,” says Thomas Wildt, head of the Agrochemicals & Polymer Additives Business Line. “The investment in the Liaoyang site further solidifies our leading position in TAA derivatives and consistently follows our strategy of intelligently shaping our Chemical Business.” Evonik expects continuous growth in the market segment in upcoming years.

Evonik is a leading global manufacturer of TAA and TAA derivatives. The company offers a broad range of TAA derivatives (e.g. hexamethylene-bis-triacetone diamine, triacetone diamine) and custom-tailored molecules on the basis of TAA. In addition to the facility in Liaoyang, Evonik maintains production capacities at the Marl Chemical Park.



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