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Evonik Industries AG plans Joint Venture in China


Monday, 14 Jul 2014 04:10am EDT 

Evonik Industries AG:Says signed together with Jiangsu Zhongneng Polysilicon Technology Development Co. Ltd., wholly owned subsidiary of GCL-Poly Energy Holdings Limited (GCL-Poly), a letter of intent to establish joint venture for production of fumed silica and ultra-pure silicon tetrachloride in China.Evonik to hold a 60 pct share in joint venture.Says plants, which to have annual capacity of over 20,000 metric tons, to be built in Xuzhou (Jiangsu Province, China) and are scheduled to start-up operation in 2016. 

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