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Evonik Industries AG (EVKn.DE)

EVKn.DE on Xetra

32.66EUR
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Latest Key Developments (Source: Significant Developments)

Evonik And Chinese Company Wynca Agree To Form Joint Venture To Produce Fumed Silica
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Evonik Industries AG ::EVONIK AND CHINESE COMPANY WYNCA AGREE TO FORM JOINT VENTURE TO PRODUCE FUMED SILICA.NEW FUMED SILICA PRODUCTION FACILITY PLANNED IN ZHENJIANG, CHINA.INVESTMENT AMOUNT IN MID DOUBLE-DIGIT MILLION EURO RANGE.  Full Article

Evonik Raises 2018 Adj EBITDA Guidance to 2.6-2.65 Bln Eur
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Evonik Industries AG ::Q2 ADJUSTED EBITDA OF EUR 742 MILLION (2017: EUR 640 MILLION).Q2 SALES INCREASED TO EUR 3.9 BILLION (2017: EUR 3.6 BILLION)..Q2 ADJUSTED NET INCOME WAS EUR 354 MILLION.HAS INCREASED ITS FORECAST FOR FULL YEAR 2018, NOW EXPECTING 2018 ADJUSTED EBITDA BETWEEN EUR 2.6 AND EUR 2.65 BILLION.PROJECTS A NOTABLY HIGHER FREE CASH FLOW FOR 2018 COMPARED TO PRIOR YEAR.  Full Article

Evonik To Cut Up To 1,000 Jobs As Part Of Cost-Cutting Drive
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Evonik ::SAYS UP TO 1,000 JOBS TO BE CUT WORLDWIDE IN ADMINISTRATION, SALES BY END-2020.SAYS JOB CUTS ARE PART OF PREVIOUSLY ANNOUNCED 200 MILLION EURO COST-CUTTING PLAN.SAYS EXTENDS AGREEMENT TO RULE OUT COMPULSORY REDUNDANCIES FOR EMPLOYEES IN GERMANY UNTIL MID-2023.  Full Article

Evonik Industries And Linde Enter Into Strategic Partnership
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Evonik Industries AG ::LINDE AND EVONIK ENTER INTO STRATEGIC PARTNERSHIP FOR MEMBRANE-BASED NATURAL GAS PROCESSING.TWO COMPANIES WILL JOINTLY PROMOTE MEMBRANE TECHNOLOGY.  Full Article

RAG Foundation Sees No Time Pressure To Offload Stake
Tuesday, 5 Jun 2018 

June 5 (Reuters) - Evonik Industries AG shareholder RAG Foundation::SAYS NO TIME PRESSURE TO OFFLOAD EVONIK STAKE, SEE ROOM FOR UPWARD SHARE PRICE MOVEMENT.  Full Article

RAG Foundation Wants Evonik To Grow Profitably - RAG CEO
Tuesday, 5 Jun 2018 

June 5 (Reuters) - Bernd Toenjes, new head of Evonik Industries AG shareholder RAG Foundation::SAYS RAG WANTS EVONIK TO GROW PROFITABLY, PAY DIVIDENDS RELIABLY.  Full Article

Evonik Says Will Continue Active Portfolio Management
Wednesday, 23 May 2018 

May 23 (Reuters) - Evonik Industries AG ::CEO SAYS AIMS TO FIND BUYER FOR METHACRYLATE BUSINESS WHO WILL INVEST IN IT.CEO SAYS WILL CONTINUE ACTIVE PORTFOLIO MANAGEMENT, BOTH IN TERMS OF ACQUISITIONS AND DIVESTMENTS.CEO SAYS AFFIRMS GOALS FOR 2018 AND MEDIUM-TERM TARGET OF EBITDA MARGIN OF 18-20 PERCENT.  Full Article

Evonik Industries Plans New Polyamide 12 Complex In North Rhine-Westphalia
Wednesday, 14 Mar 2018 

March 14 (Reuters) - EVONIK INDUSTRIES AG ::PLANS NEW POLYAMIDE 12 COMPLEX IN MARL.INTENDS TO INCREASE ITS OVERALL PA 12 CAPACITY BY MORE THAN 50 PERCENT.EVONIK TO INVEST AROUND EUR 400 MILLION IN PA 12 COMPLEX AT ITS LARGEST SITE IN NORTH RHINE-WESTPHALIA.COMPLEX IS EXPECTED TO BECOME OPERATIONAL IN EARLY 2021.  Full Article

Evonik And Siemens Lauch Joint Research Project
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - EVONIK ::EVONIK AND SIEMENS <<>> TO GENERATE HIGH-VALUE SPECIALTY CHEMICALS FROM CARBON DIOXIDE AND ECO-ELECTRICITY.  Full Article

Evonik Industries Plans Additional Line For Manufacturing Acrylite Molding Compounds In US
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Evonik Industries AG ::PLANS ADDITIONAL LINE FOR MANUFACTURING ACRYLITE MOLDING COMPOUNDS (PMMA) IN US.COMPLETION AND STARTUP IS SCHEDULED FOR Q1 2019 ‍​.  Full Article

Evonik Industries AG News

German chemical makers agree 4.6 pct pay hike for workers

FRANKFURT, Sept 20 Germany's chemical industry trade union IG BCE and employers agreed a wage increase of about 4.6 percent on Thursday, in a deal that will be up for renegotiation after 15 months.

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