Industry News, Suppliers News

Evonik Looks to Reduce Expenses by €200 Million by 2021

First measures worth €50 million to be reflected in 2018 earnings.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

In the course of executing its strategic agenda, Evonik will optimize its global processes and cost structures in administration and sales. The aim is to permanently save €200 million per year, which will be fully reflected in earnings as of 2021.   “We want to build a best-in-class specialty chemicals company,” said Christian Kullmann, chairman of the Executive Board. “That also requires bringing our costs in line with our aspiration.” Cost savings are to be achieved in the management holding...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters