Evonik: Joint Venture in South Africa
On May 1 Evonik Industries AG, Essen, Germany, established a joint venture, Evonik Acrylics Africa (EAA), with the South African plastics processor Ampaglas Plastics Group for extrusion of Plexiglas sheet products. The new company is headquartered in Elandsfontein, Johannesburg.
The goal of the joint venture, in which Evonik holds a 51 % stake, is the production of high-quality Plexiglas sheeting and its marketing, particularly in the growth markets of the African continent. The focus here lies on the building and architecture market segments, the design-oriented lighting technologies segment, and furniture, shopfitting, and exhibition booth construction.
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