Evonik Industries and Wynca Form Joint Venture
Evonik Industries and the Chinese company Wynca have agreed to form a joint venture. The new company, in which Evonik will hold 60 percent, will produce fumed silica marketed under the AEROSIL® brand. According to the companies, the joint venture, Evonik Wynca (Zhenjiang) Silicon Material Co. Ltd., plans to build a fumed silica production facility in the Zhenjiang New Material Industry Park (Jiangsu Province, China).
The facility, with a projected annual output of 8,000 metric tons, is scheduled to become operational in 2021, the companies reported. The overall project still requires the approval of the relevant corporate bodies and the competent authorities.
“With the joint venture, we are consistently continuing to strengthen our Resource Efficiency segment. Following the acquisition of the Huber silica business and the associated expansion of our precipitated silica capacities as well as the growth of our fumed silica capacities in Antwerp, we are now taking the next step with the first fumed silica plant in the attractive Chinese market. Wynca is a strong partner to do this, and we look forward to the future cooperation,” said Harald Schwager, deputy chairman of the Executive Board of Evonik Industries.
Wynca is expanding its capacity for organochloro-silanes, which is a raw material used in the production of AEROSIL, to 300kt per annum. A small part of this capacity expansion will supply the joint venture.