Germany’s Evonik reports higher sales in Turkey

10 August 2012 12:17  [Source: ICIS news]

LONDON (ICIS)--Sales from Evonik Industries’ business in Turkey have doubled over the past three years, the Germany-based specialty chemicals producer said on Friday.

The company said because of rising purchasing power, a young population and a steady expansion of Turkey’s infrastructure, Evonik has doubled its local revenues in the country to around €200m ($247m) in the past three years.

Turkey is a highly attractive market for our specialty chemicals, where we’ll continue to pursue the current growth trend,” said Thomas Wessel, HR director for Evonik.

The company said its most important activities in Turkey include superabsorbents for the production of disposable nappies, silicas for fuel-efficient tires and DL-methionine – an amino acid – for healthy and environmentally-sound animal nutrition.

($1 = €0.81)

By: Franco Capaldo
+44 (0)20 8652 3214

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