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Evonik Industries AG, a creative industrial group from Germany, is one of the world leaders in specialty chemicals and has a presence in over 100 countries and regions around the world.

Its activities focus on the key megatrends in health, nutrition, resource efficiency and globalization.

The company is making a name for itself through its strong research and development capacity. After increasing its R&D expenditure by an average of 6 percent per year since 2010, its R&D costs totaled 434 million euros ($458 million) in 2015.

Evonik reported 13.5 billion euros in global sales and an operating profit of 2.47 billion euros in 2015.

The company expects its sales revenue to be slightly below 13.5 billion euros this year, due to considerable declines in prices, especially in the nutrition, care and performance materials segments, which has led to the forecast of a slight reduction, according to Evonik.

Thanks to its strong market positions, balanced portfolio and concentration on high growth businesses, the company assumes there will be continued high demand for its products

Evonik Industries has been producing specialty chemical products in China since the late 1970s, with wide-ranging trade relations already in place in the region before that time.

As Evonik regards China as one of the driving forces of the global economy, the company now has around 3,000 employees in China, and its regional sales reached over 1.3 billion euros in 2015.