Essen, Germany. Evonik’s Coating Additives business line is expanding the production capacity of its ACEMATT® precipitated matting agents at its manufacturing facility in Taiwan. The significant capacity increase will help to meet the rising demand for matting agents in Asia, with the capacity expansion scheduled for completion by the second half of 2023.
“The capacity expansion of our leading matting agents in Taiwan further emphasizes our commitment to the growing markets in Asia and to all our regional and multi-national customers,” says Maximilian Morin, Head of Industrial & Transportation Coatings at Evonik Coating Additives. “We are continuously expanding our position as a truly global partner for our coatings customers by offering the same high quality products from manufacturing locations in multiple regions. In times of rising logistical challenges, such an investment will also directly benefit our partners and customers across the globe by further improving our supply situation worldwide.”
The ACEMATT® matting agents manufactured in Taiwain exhibit the same properties as the products which are currently manufactured at Evonik’s production site in Bonn, Germany.
The ACEMATT® brand offers a variety of products to the formulator finding the right balance of effectiveness for matting properties and easy integration into the coating system. Furthermore, ACEMATT® products can enable formulators to reach the full spectrum of matting levels from semi gloss to ultra-deep matt, and the various industrial and transportation application areas range from textile to plastic, leather, can and coil coatings.
Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €15 billion and an operating profit (adjusted EBITDA) of €2.38 billion in 2021. Evonik goes far beyond chemistry to create innovative, profitable and sustainable solutions for customers. About 33,000 employees work together for a common purpose: We want to improve life today and tomorrow.
About Specialty Additives
The Specialty Additives division combines the businesses of versatile additives and high-performance crosslinkers. They make end products more valuable, more durable, save more energy and simply better. As formulation experts in fast growing markets such as coatings, mobility, infrastructure and consumer goods, Specialty Additives combines a small amount with a big effect. With its 3,700 employees the division generated sales of €3.71 billion in 2021.
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.