Evonik Industries

Profile

Summary

Evonik was originally the chemical manufacturing division of Ruhrkohle AG, a coal company headquartered in Essen, North Rhine-Westphalia, Germany, that merged with Degussa AG, a company that refined precious metals and manufactured pesticides. It was renamed and converted into a new company in 2007 but it is still majority controlled by the same shareholders that own RAG Aktiengesellschaft, the coal company. Degesch, a Degussa subsidiary, was one of the main manufacturers of Zyklon B, a chemical used by the Nazis to kill millions in the gas chambers. Degussa was also in charge of processing the gold dental fillings of those who were killed.

Products

Chemicals, Specialty chemicals

Violations

Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
competition-related offenses$16,775,4543
environment-related offenses$2,503,28033
employment-related offenses$258,8533
safety-related offenses$181,91321

(September 29, 2022)

Number of Records
60
Total Penalties
$19,719,500 (September 29, 2022)
Information in this section is drawn from the Violation Tracker database produced by the Corporate Research Project of Good Jobs First in Washington DC. It is the most comprehensive source of data on business violations of laws and regulations in the United States. For specific examples of misconduct, please click on the links.

Stories

Article Archive

Activism

Recent & Ongoing Campaigns
In the Matter of Evonik/PeroxyChem, Part 3 Administrative Complaints,

Federal Trade Commission | April 30, 2020

The Federal Trade Commission authorized an action to block Evonik Industries AG’s proposed $625 million acquisition of PeroxyChem Holding Company, alleging the merger of the chemical companies would substantially reduce competition in the Pacific Northwest and the Southern and Central United States ....

Major Investigations
& Lawsuits
Evonik Corp. Latest Employer Sued Over 401(k) Fees, Mutual Funds

Jacklyn Wille | Bloomberg Law | March 2, 2020

Two participants in Evonik Corp.'s 401(k) plan filed a proposed class action in the District of New Jersey claiming the plan’s fiduciaries chose excessively expensive investment options without properly investigating cheaper alternatives.


 
Environmental Impacts
A tale of Two Toxic Cities - The EPA’s Bungled Response to an Air Pollution Crisis Exposes a Toxic Racial Divide

Sharon Lerner | The Intercept | February 24, 2019

After a crucial division of the Environmental Protection Agency reassessed the dangers of two key pollutants — ethylene oxide and chloroprene — the risk of cancer from air pollution shot up in many communities around the country.

2014 National Air Toxics Assessment

William Subra | Disaster STS Netwrok | August 27, 2018

In August 22, 2018, the Environmental Protection Agency (EPA) released the 2014
National Air Toxics Assessment (NATA).

2014 National Air Toxics Assessment

William Subra | Disaster STS Netwrok | August 27, 2018

In August 22, 2018, the Environmental Protection Agency (EPA) released the 2014
National Air Toxics Assessment (NATA).

PERI Pollution Indexes

Based on United States Environmental Protection Agency data ranking the top 100 worst polluters.


Employment Practices
& Relations
Two orders for Morrisburg’s Evonik after December explosion

Cornwall News Watch | January 6, 2021

The Ontario Ministry of Labour has issued two orders for Morrisburg’s Evonik Oil Additives after a December fire and explosion severely injured a worker.

Ex-Evonik Corp. Workers Advance Challenge to 401(k) Funds, Fees

Jacklyn Wille | Bloomberg Law | December 31, 2020

Two former Evonik Corp. employees are moving forward with a proposed class action challenging the fees and investment options in the company’s $1 billion 401(k) plan, after a New Jersey federal judge declined to dismiss the lawsuit’s core claims.

Worker Hurt After Explosion and Fire at Evonik Plant

John S. Forrester | Powder and Bulk Solids | February 8, 2020

An explosion and fire occurred at the Evonik oil additives facility in Morrisburg, ON in the early hours of December 4 that left one worker with injuries, the company announced in a release Tuesday.

Explosion and fire kills two at Evonik plant in Germany

Hazard Ex | April 3, 2012

An explosion and fire has killed two workers at Evonik Industries chemical plant in Marl, northern Germany.


Financials

Corporate Headquarters
Rellinghauser Str. 1-11, 45128 Essen, Germany
Most Recent Gross Revenue
$1.090 billion (2021) | source
Most Recent Net Revenue
$0.744 billion (2021) | source
Stock Exchange Tickers
FWB: EVK
Subsidiaries

Note: Most recent list is not always the most complete list.

Croctail Subsidiary Tool using the CorpWatch API - This API extracts the subsidiary relationship information from Exhibit 21 of companies' 10-K filings with the US SEC.


    Major Shareholders

    Click here for the latest list.

     


    Political Influence

    Open Secrets - Tracks corporate lobbying of US politicians.

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    Open Secrets Logo

    OpenSecrets.org Profile of Evonik


    Import & Export Data

    ImportYeti - Shipping Tracking Tool - Bill of ladings are public information that are too cost prohibitive, challenging to obtain and difficult to use for the average joe. ImportYeti's goal is to solve that problem.


    Subsidy Tracker
    Subsidy Tracker
    Subsidy Tracker is a project of Good Jobs First in Washington DC. It is the most comprehensive source of data on state and federal subsidies in the United States. For more details, click on the links.
    Click here for details on subsidies received by Evonik.
    Major Projects
    Evonik to expand plasticizer portfolio

    Hydrocarbon Processing | November 15, 2021

    Evonik plans to launch new plasticizer products based on the raw material INA (Isononanol) next year. This will strengthen the Group's global business in plasticizers, which are used in particular for flexible PVC products such as cables, flooring and roofing membranes. The new products are to be manufactured at the Group's largest site in Marl, Germany.

    Evonik completes sodium methylate capacity expansion in Mobile, Alabama

    Evonik Press Release | March 23, 2021

    Evonik Corporation has completed a significant capacity expansion of its sodium methylate production facility located in Mobile, Ala. With the expansion, the production unit will now be capable of producing up to 90,000 metric tons per year.

    Evonik opens advanced biomaterials facility in Birmingham with expansion

    Jerry Underwood | Made In Alabama | May 13, 2020

    BIRMINGHAM, Alabama — Evonik announced today that it has successfully commissioned an advanced biomaterials facility in Birmingham that will support global demand for the use of its RESOMER-brand bioresorbable polymers with implantable medical devices and parenteral drug products.

    Evonik Building $441 Million Specialty Chemical Complex in Germany

    Inspectioneering | September 19, 2019

    Specialty chemicals company Evonik has officially begun construction on its largest investment to date in Germany.


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