Industry News, Mergers and Acquisitions, Suppliers News

Orion to Acquire Evonik’s and DEG’s Stake in Carbon Black JV

JV has production capacity of approximately 75 thousand metric tons of carbon black per year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Orion Engineered Carbons S.A. and Evonik Industries AG have announced agreements on transactions where Orion will acquire Evonik’s 52%% stake as well as Deutsche Investitions- und Entwicklungsgesellschaft mbH’s (DEG) 15% stake in Qingdao Evonik Chemical Co., Ltd. (QECC).   QECC is a joint venture established by Evonik, DEG and Jiaozhou Finance Investment Center (JFIC) in 1994 based in Qingdao (Shandong Province), China. It has production capacity of approximately 75 thousand metric tons of car...

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