Oil Additives News

Evonik Oil Additives to Expand Capacity in Asia-Pacific

Darmstadt, Germany - May 16th, 2012

Evonik Oil Additives, a

world leader in lubricants and bio-fuels additive

technologies, has announced plans to significantly

expand Asia-Pacific production capacity. The

additional Asia-Pacific capacity will almost double

current capacity and is expected to be fully realized

in 2015.

“As we listen to and respond to the needs of our

customers in Asia, it’s clear that we must build

significant additional capacity to meet their demand

for our products,” explains Norbert Westerholt,

managing director of the Oil Additives business line

of Evonik Industries.

It was in 2008 that Evonik Oil Additives completed

construction of its current Singapore facility with an

objective of better serving customers in the fastgrowing Asian lubricants market. Now, only four

years later, the company is aiming to expand AsiaPacific capacity by nearly 100 percent. The

expansion will increase capacity across Evonik Oil

Additive's entire portfolio of products currently production location in Singapore, the Evonik Oil

Additives business line ships lubricant additive

products to customers throughout Asia, with the

largest volumes going to China, Singapore, South

Korea, Japan, Australia and India.

The expansion has been designed to include some

significant process improvements to assure

operation at the highest levels of safety, efficiency,

productivity and quality. “The process

improvements we incorporate into the expansion

will provide additional flexibility and responsiveness

to customer needs, and are designed to prepare us

for continued growth as well as for the integration

of new technical developments,” Westerholt adds.

The Evonik Oil Additives business line of Evonik

Industries specializes in high-performance additives

for lubricants and refinery products based on

polyalkyl methacrylates (PAMAs). Their specially

customized VISCOPLEX™ grades allow the flow

abilities, lubricating performance, and

crystallization properties of lubricants and biodiesel

to be optimized over wide temperature ranges.

Energy-efficient hydraulic systems from Evonik Oil

Additives using its DYNAVIS™ hydraulic fluid

technology save fuel, thereby reducing CO2

emissions into the environment.

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.

Evonik benefits specifically from its innovative

prowess and integrated technology platforms.

Evonik is active in over 100 countries around the

world. In fiscal 2011 more than 33,000 employees

generated sales of around €14.5 billion and an

operating profit (EBITDA) of about €2.8 billion.

Contact

Richard Williams

Global Communications Manager

  • Disclaimer

    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.