Degussa expands Shanghai R&D Center

Degussa (China) Co., Ltd. announced that it had expanded its Research and Development (R&D) Center in Shanghai, at a total investment of more than 22 million (US$29.86 million.) “From its Research & Development Center in Shanghai, Degussa has enlarged the scope of its research and development work in China,” said Dr. Alfred Oberholz, deputy chairman of the management board of Degussa GmbH, which was recently renamed Evonik Industries AG. As one of the largest R&D centers ever established by a multinational company in Shanghai, the new R&D Center has a total of 25,000 square meters of space, housing state-of-the-art laboratories for research and development, application technology and technical service. The expansion of our R&D center marks yet another milestone for our Make China Happen initiative, which aims to boost our sales in China to 800 million (US$1 billion) by 2009,”said Dr. Dahai Yu, regional president of Degussa China. (August 13, 2007)