As part of its strategy to develop the PLEXIGLAS® business within the Russian Federation (RF), Evonik Industries and its Russian Joint Venture DESTEK Ltd. have decided to nearly triple the existing extrusion capacity at the companies’ Podolsk production facility. DESTEK is operating currently at capacity and the launch of a second extrusion line will give customers better access to locally manufactured, high-quality PLEXIGLAS® extruded sheets. The capacity expansion will support the business strategy to expand the leadership in quality and to become
No. 1 locally in capacity.
For cast acrylic sheets customers, DESTEK is establishing a local inventory of PLEXIGLAS® cast sheets manufactured at other sites in Evonik’s global production network. The material is available at the Podolsk production facility to meet increasingly strict quality requirements in cast sheets and to reduce lead times.
DESTEK began operating in Russia in 2003. With this announced expansion activities, the company is underlining the importance of its presence in Russia and its faith in the stability and growth potential of the local market.
Evonik Industries is the creative industrial group from Germany which operates in three business areas: Chemicals, Energy and Real Estate. Evonik is a global leader in specialty chemicals, an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our strengths are creativity, specialization, continuous self-renewal, and reliability. Evonik is active in over 100 countries around the world. In its fiscal year 2007 about 43,000 employees generated sales of about €14.4 billion and an operating profit (EBITDA) of more than €2.2 billion.
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.