March 13, 2024
(press release)
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Shanghai, China. Evonik will unveil its latest sustainable portfolio and powerful technology platforms for skin and hair care, as well as household cleaning and air care at PCHi 2024 in Shanghai, March 20-22. With the introduction of 14 new innovations that are deeply rooted in biotechnology, renewable resources and sustainable processes, Evonik reaffirms its commitment to meet the rapidly evolving local market demands for products that deliver high-performance results while minimizing environmental impact. The company’s key innovation highlights at PCHi 2024 include: For more information, visit Evonik’s tradeshow stand 1B28 in Hall 1, Shanghai World Expo Exhibition and Convention Centre from March 20-22, or follow the newly launched Evonik Personal Care WeChat account. Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €15.3 billion and an operating profit (adjusted EBITDA) of €1.66 billion in 2023. Evonik goes far beyond chemistry to create innovative, profitable, and sustainable solutions for customers. More than 33,000 employees work together for a common purpose: We want to improve life today and tomorrow. Asia Pacific is a strong driving force of the global economy and an important source of innovation. Consequently Evonik endeavors to further grow its business in the region. Sales reached €3.16 billion in 2023 and the company employs over 5,000 people at more than 50 sites in Asia Pacific. In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.
Guided by a vision that puts sustainability, innovation and collaboration at its core, the Care Solutions business at Evonik plays a critical role in the continued portfolio shift of Evonik’s life sciences division, Nutrition & Care, to System Solutions. These are multi-component offerings of products, technologies and services that are tailored to a unique customer need and often have proven sustainability benefits. The Nutrition & Care division aims to increase its share of System Solutions from 20 percent today to more than 70 percent by 2032.
“Today, green innovations from upstream ingredient suppliers play an increasingly important role in advancing sustainable beauty. At Evonik, we prioritize sustainability benefits and proven functionality outcomes as two pillars of our approach,” says Alix Chen, general manager of Evonik’s Care Solutions business in the Greater China region. “With the latest offerings to be presented at the show, we look forward to further collaborating with our local customers to drive the industry's green transformation.”
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