Evonik

Evonik has invested €52 million to expand its silicone platform at the Essen Goldschmidtstrasse site, with a new production plant and tank farm completed.

Evonik completed a €52 million investment at its Essen Goldschmidtstrasse site in Germany, including a new production plant and tank farm, to expand capacity for organomodified silicones. The new facility increases production capacity and optimizes logistics.

Evonik's board officially rejected BASF's second and improved takeover offer of EUR 24 per share, valuing Evonik at approximately EUR 11.2 billion. Evonik intends to remain independent but is open to informal talks.

Evonik partnered with Toyotsu Chemiplas Corp. and Sanyo Chemical Industries on October 19, 2026, to develop a recycling model for polyurethane foam in Japan.