Evonik Industries, Germany announced that it plans to expand the production capacity of methacrylate crosslinkers. To this end, millions of euros will be invested in factories in Alabama, USA, and production is expected to begin in the third quarter of 2018.
The investment in the Mobile plant will have the advantages of the Evonik methacrylate business, such as leading market position, operational capabilities, brand recognition, advanced technology and excellent network structure. In order to ensure the future development of these advantages, Evonik is looking for the best investor in its methacrylate sector, which will become an independent individual in the future.
Evonik methacrylate crosslinkers are suitable for a variety of applications such as paints, coatings, composites and plastics. In the end product, it can improve its chemical resistance and hardness.