India's Largest Database on New Projects
Evonik sells Degussa Carbon Black unit
19 April 2011: Evonik Industries AG, a specialty chemical maker, has agreed to sell its Degussa Carbon Black business to New York City based venture capital firm Rhone Capital LLC for Euros 900 million (approx Rs 5,715 crore). Carbon Black is being acquired intact as a whole. As a product, carbon black is used in the rubber and tire industries and as pigment black preparations in coatings, plastics, inks, and toners, among other goods.
Source: Canplastics