In 2011 the Evonik Group had 320 employees and generated consolidated sales of around €200 million there. Evonik Degussa India, the Chemicals Business Area’s subsidiary in this country, is based in Mumbai.
Furthermore Evonik has a research center in India for pharmaceutical formulations. Alongside the effective utilization of excellent local talent and the comparatively low costs, research activities characterize Evonik’s long-term strategy on the Indian market.
And for good reason: India is more and more in the spotlight market for specialty chemicals. This applies in particular to the pharmaceutical industry, which allows Business Units such as Health Care, Bioproducts, Silica und High Performance Polymers to expand their business on the local market.
Large-scale infrastructure projects as well as the development of the petrochemical sector provide just as excellent a platform for the realization of ambitious growth targets.