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Orion Engineered Carbons And Evonik Industries announced agreements on transactions where Orion will acquire Evonik’s 52% stake, as well as Deutsche Investitions-und Entwicklungsgesellschaft mbH’s (DEG) 15% stake in Qingdao Evonik Chemical Co Ltd (QECC).
QECC is a joint venture established by Evonik, DEG and Jiaozhou Finance Investment Center (JFIC) in 1994 based in Qingdao (Shandong Province), China. It has a production capacity of approx 75,000t2/yr of Carbon Black. The agreement is subject to Chinese government approval
