News from Notch Consulting, Inc.

December 19, 2016

Evonik begins construction on US silica plant

Filed under: Silica, Uncategorized — Notch @ 6:30 am

Last week, Evonik Industries announced the location of its new precipitated silica plant in the United States. The $120M factory will be located in the Bushy Park industrial area near Charleston, South Carolina. Construction on the plant is expected to begin this month with completion by mid-2018. The company has not released the new plant’s capacity, but output will focus on highly dispersible grades of silica for use in passenger car tires, which can reduce rolling resistance and improve fuel economy. Here is the press release announcing the plant location. The company held a ground-breaking ceremony at the site last week.

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Evonik acquires silica business of J.M. Huber for $630M

Filed under: Silica, Uncategorized — Notch @ 6:15 am

On December 9, 2016, Evonik Industries AG announced the acquisition of the silica business of J.M. Huber (Edison, NJ) for $630 million. The business operated as part of Huber Engineered Materials (Atlanta, GA) and had been part of Huber’s business line since the 1950s. The silica businesses of the two companies are complementary, as Evonik focuses on industrial applications, particularly tires and coatings, while Huber is a leader in dentifrice and consumer goods. For the 2016 financial year, Huber Silica is expected to achieve sales of close to $300 million, with an EBITDA of $60 million. The transaction is expected to be completed in the second half of 2017.

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