Evonik establishes independent carbon black company

Evonik Industries is reorganizing its carbon black activities. On July 1, Evonik Carbon Black was founded as a legally independent management company under the umbrella of Evonik Industries. Chairman of the Board (CEO) is Jack Clem and Rainer Wobbe will take over the position of the Chief Financial Officer (CFO). The operational headquarters of the company, currently in Frankfurt, will move to Hanau-Wolfgang on October 1. Having spun off the carbon black business, the company is currently examining three strategic options to develop its business further. The possibilities extend from optimization as an independent market unit, through a partnership solution, to sale of the business. One of these three options will be decided upon before the end of the second half of the year.