Munich, Germany - Evonik Industries AG and the China Wynca Group (Zhejiang Xinan Chemical Industrial Group) have entered a 60:40 joint venture agreement to manufacture fumed silica marketed under Evonik’s Aerosil brand name.
As part of the agreement, Evonik Wynca (Zhenjiang) Silicon Material Co will invest an amount in the “mid double-digit million Euro” range in building a fumed silica production facility in the Zhenjiang New Material Industry Park, in Jiangsu province, north of Shanghai.
The 8,000-tonne per annum facility is expected to be operational in 2021.
This is Evonik’s second fumed silica production-related investment in less than a month.
At the end of July, the Essen, Germany-based company announced it was expanding its fumed silica capacities at its production site in Antwerp, Belgium. Evonik will be investing an amount in the upper double-digit million Euro range in the project, which is scheduled to start operation next summer.
Additionally, the company purchased JM Huber Corp’s silica business in the US in a $630m deal last September, as part of its new strategic focus on “smart materials”.