Evonik divests betaines business in Indonesia
Germany, Nov. 3 -- On 31 October 2025, Evonik and joint venture partner PT Sumi Asih closed the purchase with Aekyung Chemical Co, Ltd, one of the largest chemical companies in South Korea.Sale of site in Bekasi, IndonesiaNext step in transformation of Care Solutions portfolioFocus on sustainable specialty chemicalsEvonik is advancing its transformation into a sustainable specialties provider by divesting its betaines business in Bekasi, Indonesia. On 31 October 2025, Evonik and its joint venture partner PT Sumi Asih closed the purchase with Aekyung Chemical Co, Ltd, one of the largest chemical companies in South Korea. The transaction comprises 100 percent of the PT Evonik Sumi Asih joint venture including its management, operations, asset...
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