Shanghai -- Evonik has started the construction of a production facility for organically modified specialty silicones in Shanghai.
The new facility is being constructed at the Multi-User-Site within the Shanghai Chemical Industry Park, with completion planned for the second half of 2017.
The investment volume is in “the high double-digit million euro range” Evonik said.
Klaus Engel, chairman of Evonik's executive board, said: “With this investment, we are strengthening our position as market and technology leader.
“We want to expand our specialty silicones production capacities in Asia to serve the rising demand with local production. That is why we are enlarging our production capacities in this region,” he added.