World Library  
Flag as Inappropriate
Email this Article

Evonik Industries

Evonik Industries AG
Type Aktiengesellschaft
Traded as FWB: EVKA
Industry Speciality chemicals
Founded 2007
Headquarters Essen, Germany
Key people Klaus Engel (Chairman), Wilhelm Bonse-Geuking (Chairman of the supervisory board)
Products Chemicals
Revenue Increase €13.629 billion (2012)[1]
Operating income Decrease €1.953 billion (2012)[1]
Profit Increase €1.164 billion (2012)[1]
Total assets Decrease €9.831 billion (31 Dec. 2012)[1]
Total equity Increase €6.831 billion (31 Dec. 2010)[1]
Employees 33,298 (31 Dec. 2012)[1]
Evonik Industries is an industrial corporation headquartered in football club Borussia Dortmund.


  • History 1
    • Founding of the company 1.1
    • Ownership structure since 2008 1.2
    • Historical significance 1.3
  • Operations 2
    • Chemicals Business Area 2.1
    • Energy Business Area 2.2
    • Real Estate Business Area 2.3
  • Corporate Responsibility 3
  • Sponsoring 4
  • 2012 Cyclododecatriene plant fire 5
  • See also 6
  • References 7
  • Bibliography 8
  • External links 9


Founding of the company

Evonik headquarters in Essen, Germany

Historically, Evonik Industries' businesses were part of RAG activities. The idea of splitting the company was put forward in 2005. The background of this idea was that RAG's core business of coal mining is carried out under government contract in Germany, while businesses transferred to Evonik compete on international markets. This structure did not permit the payment of dividends to the shareholders, which limited shareholders' readiness to inject equity into the RAG, which restricted the company's ability to access fresh capital. As the first step, RAG’s shareholders sold their shares to RAG foundation (RAG-Stiftung) to split RAG. The Foundation was established on 10 July 2007, and Evonik Industries was created on 12 September 2007.

The original plan foresaw IPO of Evonik Industries in the first half of 2008. However, this plan was postponed until mid-2010 at the earliest, and the RAG Foundation started to look for strategic investors, while still holding on to the plans for midterm IPO.[2][3] In June 2008, the private equity firm CVC Capital Partners bought a stake of 25.01% in the company.[4] Among many other private equity investors who bid for the stake (amongst them Blackstone Group and 3i), Russian Gazprom was reported to have considered buying a stake in Evonik Industries.[5] The IPO, by now planned for fall of 2011, was once again postponed in September 2011, this time citing the "current state of financial and capital markets and their prospects." [6]

Ownership structure since 2008

Finally, since 2008 the ownership structure of the Evonik Industries AG is composed as follows:[7]

  • 74,99% is held by the RAG Foundation
  • 25,01% is held by Gabriel Acquisitions GmbH (a company owned by funds advised by CVC Capital Partners)

Historical significance

In 2006, RAG acquired Degussa AG,[8] which was later renamed Evonik-Degussa GmbH. In 1998, Degussa instructed the American historian Peter Hayes to clarify the company history during the Third Reich.[9] One of the former subsidiaries of Degussa, the Degesch (translation: German Corporation for Pest control), was the main manufacturer and distributor of the chemical Zyklon B, which was used to execute people in gas chambers of German death camps during the Holocaust.[10] Furthermore gold dental fillings, which had been forcefully removed from the mouths of death-camp inmates, had been processed by Degussa.[10] The historical significance of Degussa appeared again in the publicity during their involvement in the building of the Holocaust Memorial in Berlin, because the plasticizer and the anti-graffiti coating were produced by Degussa. Therefore, the work on the memorial was interrupted to clarify the situation. In November 2003, the trustees decided to finish the building with the involvement of Degussa.[11]


After concentrating operations to the holding's core the former business areas Energy and Real Estate are now mere financial investments, leaving the chemical business area of Evonik as the only one operated by Evonik Industries.[12]

Chemicals Business Area

Degussa factory in Hopewell, Virginia
Degussa gold, 5 g

The Chemicals Business Area of Evonik emerged from Evonik Degussa GmbH (formerly Degussa GmbH — an acronym of Deutsche Gold- und Silber-Scheide-Anstalt (German Gold and Silver Separating Works)) based in

  • Evonik Industries website

External links

  • Peter Hayes, From Cooperation to Complicity: Degussa in the Third Reich (Cambridge, Cambridge University Press, 2004).


  1. ^ a b c d e f "Annual report 2012".  
  2. ^ "RAG may sell more Evonik shares to individual investor prior to IPO - Evonik CEO".  
  3. ^ Eva Kühnen (1 April 2008). "Evonik says owners drop IPO plans for now".  
  4. ^ Matthias Inverardi; Philipp Halstrick (3 June 2008). "CVC to pay 2.4 bln eur for Evonik stake-sources".  
  5. ^ Peter Dinkloh (11 June 2008). "Russia's Gazprom says gas prices to keep rising".  
  6. ^ Matthias Inverardi (23 September 2011). "Germany's Evonik postpones IPO on weak markets".  
  7. ^ "Ownership structure of Evonik Industries AG". Evonik. Retrieved 2011-05-26. 
  8. ^
  9. ^ "Degussa in the National Socialist Era". Evonik. Retrieved 2014-05-24. 
  10. ^ a b "From Cooperation to Complicity: Degussa in the Third Reich". Project MUSE. Retrieved 17 November 2011. 
  11. ^ Bernstein, Richard (14 November 2003). "Berlin Holocaust Shrine Stays With Company Tied to Nazi Gas". New York Times. Retrieved 2011-05-30. 
  12. ^ a b Maria Sheahan (17 December 2009). "Evonik to split off property, power ops in revamp".  
  13. ^ "Facts & figures 2010". Evonik. Retrieved 2011-05-25. 
  14. ^ "Operational divisions". Evonik. Retrieved 2011-05-26. 
  15. ^ "Tippecanoe, Indiana". Evonik. Retrieved 13 May 2012. 
  16. ^ "Rhein-Ruhr consortium of municipal utilities becomes new majority owner of Evonik Steag GmbH". Evonik. Retrieved 2011-05-26. 
  17. ^ "Corporate Responsibility at Evonik". Evonik. Retrieved 2011-10-14. 
  18. ^ "Borussia Dortmund, we’re right behind you". Evonik Industries. Retrieved 18 April 2014. 
  19. ^ commercial supplier Degussa
  20. ^ a b "Fire at the CDT plant on the grounds of the Marl Chemicals Park". Press Release. Evonik Industries. 4 April 2012. 
  21. ^ Stephen Evans (19 April 2012). "Fire in small German town could curb world car production".  


See also

In March 2012, a fire at the Degussa plant[19] in Marl,[20] stopped production of cyclododecatriene (CDT) for an expected duration of several months. The plant produced a substantial proportion of the world's production of CDT, particularly that needed to produce laurolactam, a precursor to the polyamide PA12. This shortage in turn led to concerns for global production of finished goods, particularly in the automotive industry.[21] Other biobased polyamides, not dependent on laurolactam or CDT, have been put forward as alternative materials.[20]

2012 Cyclododecatriene plant fire

  • Evonik has been the main sponsor of Borussia Dortmund (BVB) since season 2006/2007[18]
  • Evonik was one of the sponsors of the World Chess Championship 2008
  • Evonik supports the work of the epicopal activity "Adveniat" for the improvement of the environment in Latin America
Evonik sponsors Bundesliga club Borussia Dortmund


Evonik Industries is a member of the United Nations Global Compact. Furthermore, the company is committed to the Responsible Care initiative to constantly improve the company´s performance in health, security, environment and product stewardship. The annual CR report of Evonik Industries is based on the standards of the Global Reporting Initiative.

  • The Code of Conduct represents the most important corporate policy principles and standards and is binding for all employees worldwide.
  • The Global Social Policy obliges the employees to adhere to core values based on international rules and standards.
  • The ESHQ Policy sets out the commitments of Evonik Industries regarding the corporate values Environment, Safety, Health and Quality (ESHQ).

In 2008, Evonik Industries developed its Corporate Responsibility (CR) strategy as an inherent part of the corporate strategy and corporate culture. Three principles constitute the basic modules of the company´s CR:[17]

Corporate Responsibility

Evonik Immobilien GmbH manages around 60,000 company-owned residential units in Germany. In addition, it has a 50% stake in the TreuHandStelle GmbH, which manages more than 70,000 residential units. Evonik Immobilien GmbH is to be amalgamated with TreuHandStelle GmbH and placed on a more independent basis in the medium term.[12]

Real Estate Business Area

The energy business portion of Evonik is operated through Evonik Steag GmbH (formerly STEAG), which is the fifth largest power company in Germany, based in Essen. The company operates eleven hard coal-fired power plants, of which nine are located in Germany, and one in Turkey, Colombia and Philippines, and two industrial power plants. It operates also in the field of transport, processing and distribution of hard coal, coke and byproducts from coal processing, as also in the field of gas supply, transport and trading. In December 2010 Evonik Industries signed an agreement to sell 51% of shares in its energy business to a consortium of municipal utilities in Germany´s Rhine-Ruhr region. The agreement was finalized on 2 March 2011. Evonik will be selling its remaining stake to this majority partner within five years.[16]

Evonik Industries operated Bergkamen Power Station

Energy Business Area

[15] on 1 January 2010.Eli Lilly from Lafayette, Indiana Degussa was acquired by RAG in 2006. Its latest acquisition is the Tippecanoe Labs plant site at [14]

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.