Evonik opens new Innovation Hub in Allentown, Pa. - Evonik Industries (2024)

Press release

North America

Parsippany, N.J., September 1, 2022

  • State-of-the-art labs support global Research, Development & Innovation strategy
  • Newly designed collaboration space enhances hybrid work environment
  • Strong focus on further growth in North America
  • Investment creates 50 high-paying jobs in Lehigh Valley region
  • $100,000 donation to support education and diversity in STEM

Evonik, one of the world's leading specialty chemicals companies, has opened a new Innovation Hub at its Allentown, Pa., site. The Hub consists of several state-of-the-art testing and processing labs as well as a pilot plant. It also features a newly designed collaboration space to support a hybrid and creative work environment. The expansion will create 50 highly paid jobs for scientists, engineers, and lab technicians in the Lehigh Valley region around Allentown.

The Innovation Hub is part of a broader globalization strategy for Research, Development & Innovation (RD&I) at the Germany-based company. "We are strengthening regional RD&I hubs in Asia and North America to benefit from innovative ideas outside of Europe and be closer to our customers in those regions," said Evonik Chief Financial Officer Ute Wolf at the Ribbon Cutting Ceremony for the Allentown Innovation Hub. "The new Hub will transform the Allentown site into our premier center for research, business, and innovation in North America."

Evonik opens new Innovation Hub in Allentown, Pa. - Evonik Industries (1)

RD&I is a growth driver for Evonik and a key lever to its sustainability transformation

By 2030, Evonik aims to invest more than $3 billion inNext Generation Solutions- products with superior sustainability benefits. Evonik will invest an additional $700 million inNext Generation Technologies to optimize production processes and infrastructure and avoid CO2emissions.

North America is an essential growth market for Evonik. The region contributed roughly a quarter (23%) to Evonik's annual sales in 2021, making it the second-largest revenue source after Europe (EMEA). Evonik has invested several billion dollars in North America since 2017, when the company acquired the specialty additives business of Allentown-based industrial gas producer Air Products. "Allentown has been an increasingly important part of our footprint ever since," said Bonnie Tully, President North America region. "The opening of our Innovation Hub marks the next phase of our growth trajectory in North America." Evonik currently employs 300 people at the Allentown site, which is close to Philadelphia, New York City, and many premier research institutions.

"Addressing the global challenges of our time requires the worldwide collaboration of competent partners," said Ralph Marquardt, Evonik's Chief Innovation Officer. "North America has a thriving ecosystem for R&D due to world-class universities, innovative companies, and an entrepreneurial startup scene. We are looking forward to developing innovative solutions together."

Evonik's new High Performance Polymers lab in Allentown allows the processing and testing of plastics for 3D printing, medical implants, or performance foams in airplanes or cars. Another lab enables the formulation and testing of additives for industrial coatings. Allentown's best-in-class polyurethane spray foam testing and emission chamber helps Evonik customers meet environmental and emission standards.

“Evonik’s new, state-of-the-art space will build on Pennsylvania’s strength as a center for advanced manufacturing,” said Pennsylvania Governor Tom Wolf. “I’m proud to have invested $2.5 million in this Innovation Hub that will bring new, good-paying jobs to the Allentown region.”

The Innovation Hub also features a flexible collaboration space to support and enhance a hybrid work environment. The uniquely designed space offers open areas for employees to work onsite without needing individual offices. Employees have access to cutting-edge technology like digital whiteboards or tools for video conferencing. "The collaboration space promotes interactions across our business lines and functions," said Tracey Mole, Vice President Business & Innovation Center at the Allentown site. "It will shape the future of work at Evonik and contribute to our culture of innovation."

“I am proud to see international companies like Evonik recognize the strategic strengths of having a significant presence in Allentown,” said Rep. Susan Wild. “With our proximity to major metropolitan areas, highly skilled workforce, and long history of embracing manufacturing and innovation, we are poised to ensure Evonik’s next phase of growth results in success for Evonik, our economy, and the community.”

The continued expansion of the Allentown site underscores Evonik's commitment to the Lehigh Valley community, which goes beyond creating job opportunities. Evonik has recently donated $100,000 to support the Women in Science & Engineering (WISE) initiative of the Da Vinci Science Center, Allentown’s award-winning science museum. WISE was established as part of the Science Center's broader commitment to supporting women and girls in STEM (Science, Technology, Engineering, and Math). The donation highlights Evonik's ongoing support of education and diversity in STEM fields.

#CorporateInnovation #NorthAmerica #ResearchDevelopmentAndInnovation

Company information

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 billion and an operating profit (adjusted EBITDA) of €2.38 billion in 2021. Evonik goes far beyond chemistry to create innovative, profitable and sustainable solutions for customers. About 33,000 employees work together for a common purpose: We want to improve life today and tomorrow.

Disclaimer

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.

Evonik opens new Innovation Hub in Allentown, Pa. - Evonik Industries (2024)

FAQs

Evonik opens new Innovation Hub in Allentown, Pa. - Evonik Industries? ›

It is the second-largest chemicals company in Germany, and one of the largest specialty chemicals companies in the world. It is predominantly owned by the RAG Foundation and was founded on 12 September 2007 as a result of restructuring of the mining and technology group RAG AG.

Who is the owner of Evonik Corporation? ›

It is the second-largest chemicals company in Germany, and one of the largest specialty chemicals companies in the world. It is predominantly owned by the RAG Foundation and was founded on 12 September 2007 as a result of restructuring of the mining and technology group RAG AG.

Is Evonik a real company? ›

Today, Evonik is one of the world's leading specialty chemicals companies.

Where is Evonik headquarters in the US? ›

The Address of company's New North America Headquarters is: Evonik Corporation, 2 Turner Place, Piscataway, NJ 08854.

Who is the new CEO of Evonik? ›

Christian Kullmann - Evonik Industries.

What is the previous name of Evonik? ›

The site changed hands a number of times over the years before being purchased by Goldschmidt Chemical Corp in 1999. Two years later, Degussa purchased Goldschmidt. Then, in 2007, Degussa changed its name to Evonik.

How many plants does Evonik have? ›

Evonik has over 30 major production sites in the United States, Canada and Mexico, as well as numerous offices, labs, warehouses and distribution centers in North America, employing more than 5,000 people in the region.

Who is the CFO of Evonik? ›

Maike Schuh has been a new member of Evonik's Executive Board since April 1, 2023.

What does Evonik manufacture? ›

Evonik offers a broad range of capabilities to manufacture intermediates for the agrochemical, pharmaceutical and specialty chemicals industry.

Is Evonik a pharmaceutical company? ›

Evonik is one of the world's largest global suppliers of amino acids and other ingredients used in pharmaceuticals. Our high-purity natural and non-natural amino acids and derivatives have been reliably used with pharmaceutical and medical nutrition applications for many years.

What is the history of Evonik? ›

Evonik's roots: The chemist Theodor Goldschmidt founded the company “Chemische Fabrik Th. Goldschmidt” in Berlin 170 years ago in 1847. In 1889/1890, the company then relocated to Essen, where it laid the foundations for today's Goldschmidtstrasse site.

Is Evonik sold to Rohm? ›

Evonik Industries AG has carved out its methyl methacrylates (MMA) and polymethyl methacrylate (PMMA) business with the 3 billion euros (US$3.3 billion) sale of the unit to US private equity firm Advent International.

How much do Evonik executives make? ›

The median estimated compensation for executives at Evonik Corporation including base salary and bonus is $178,024, or $85 per hour.

What is the revenue per employee for Evonik? ›

Evonik has 36,523 employees, and the revenue per employee ratio is $426,371. Evonik peak revenue was $15.6B in 2023.

What is the main business of Evonik? ›

Evonik is one of the world's leading specialty chemicals companies. We may not manufacture tires, mattresses, medications, or animal feeds, but Evonik is part of all of those products –and many more. While we often contribute only small amounts of material, those contributions are precisely what make the difference.

References

Top Articles
Latest Posts
Article information

Author: Ms. Lucile Johns

Last Updated:

Views: 5867

Rating: 4 / 5 (41 voted)

Reviews: 80% of readers found this page helpful

Author information

Name: Ms. Lucile Johns

Birthday: 1999-11-16

Address: Suite 237 56046 Walsh Coves, West Enid, VT 46557

Phone: +59115435987187

Job: Education Supervisor

Hobby: Genealogy, Stone skipping, Skydiving, Nordic skating, Couponing, Coloring, Gardening

Introduction: My name is Ms. Lucile Johns, I am a successful, friendly, friendly, homely, adventurous, handsome, delightful person who loves writing and wants to share my knowledge and understanding with you.