Entity

Evonik Industries AG is a publicly listed German specialty chemicals company headquartered in Essen, Germany, and ranks as one of the world's leading specialty chemicals corporations. The company was established in September 2007 through the restructuring of RAG AG's specialty chemicals businesses.

The ownership structure features RAG-Stiftung (RAG Foundation) holding approximately 46 percent of shares as the majority shareholder, with the remaining 54 percent in free float among institutional investors and public shareholders. RAG-Stiftung is one of Europe's largest foundations, established to finance the closure costs and perpetual environmental liabilities from hard coal mining operations in Western Germany.

In fiscal year 2024, Evonik generated sales of €15.2 billion and adjusted EBITDA of €2.065 billion. The company employs approximately 32,000 people worldwide and maintains operations in more than 100 countries across major regions including North America, Europe, Asia-Pacific, and South America. The company operates through two core business segments: Custom Solutions and Advanced Technologies, focusing on innovation-driven specialty chemical solutions and efficiency-driven technology products respectively.

Evonik's corporate heritage spans more than 170 years through the integration of renowned German chemical companies including Degussa (founded 1873), Hüls, Goldschmidt, and Röhm. The company positions itself under the tagline "Leading Beyond Chemistry," emphasizing innovative strength and technological expertise to develop products that provide decisive competitive advantages to customers across diverse industries including coatings, adhesives, pharmaceuticals, animal nutrition, automotive, and specialty materials. The company maintains a strategic focus on market segments where it holds leading global or regional positions, concentrating approximately 80 percent of sales in applications where specialty chemical performance delivers measurable value to customers.