24 October 2012 10:00 [Source: ICIS news]
SINGAPORE (ICIS)--Evonik is investing around €200m ($260m) to build three new plants in South America that are due to start up in 2014, the German specialty chemicals producer said on Wednesday.
“By 2014, new production capacities for raw materials for cosmetics, feed amino acids and catalysts to produce biodiesel will go on stream,” the company said in a statement.
Evonik considers South America, particularly ?xml:namespace>
Another facility will be built, in partnership with US-based Cargill, in Castro for the biotechnological production of biolys, a source of L-lysine.
“Our objective is to surpass the €1bn level with regard to sales in 2016," said Patrik Wohlhauser, member of Evonik’s executive board who is responsible for the South American region.
($1 = €0.77)
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