Evonik investing over €4 billion in R&D in next 10 years
Specialty chemicals producer and supplier of silica to the tyre industry, Evonik, intends to invest more than €4 billion in research and development over the coming decade. A three-point plan for investing in R&D was recently outlined by Evonik chief innovation officer Ulrich Küsthardt; “We must become more focused in our projects, more international in our research, and more open in our exchange of knowledge. The goal is to bring innovations to consumers with even greater speed and efficiency,” he stated.