8. Sep 2022 | Markets & Companies
The new hub will transform Evonik’s Allentown site into the premier centre for research, business, and innovation in North America.
Evonik has opened a new innovation hub at its Allentown, Pennsylvania site in the United States. 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 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 centre for research, business, and innovation in North America.”
By 2030, Evonik aims to invest more than EUR 3 billion in “Next Generation Solutions” – products with superior sustainability benefits. The company will invest an additional EUR 700 million in Next Generation Technologies to optimize production processes and infrastructure and avoid CO2 emissions.
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.
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