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 Asia-
Pacific capacity by nearly 100 percent. The
expansion will increase capacity across Evonik Oil
Additive's entire portfolio of products currently
produced for the Asian market. From its current 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.