Evonik completes the acquisition of Monarch Catalyst

Evonik Industries AG has successfully completed the acquisition of Monarch Catalyst Pvt Ltd, Dombivli (Thane, Maharashtra) – the announcement for which was made in March 2015. Monarch Catalyst employs approximately 300 employees and will be renamed to Evonik Catalysts India Pvt Ltd. In future, Evonik will operate its catalyst activities in India through the newly acquired company.
 
Evonik with its business line catalysts is a global leader in producing specialty catalysts, custom catalysts and catalysts components for the life sciences & fine chemicals, industrial & petrochemical and polyolefines market segments. Monarch’s global activities in oils & fats hydrogenation catalysts range is a broadening of the Evonik catalysts portfolio. The activated base metal catalysts and precious metal catalysts portfolio strengthens Evonik’s positions in India and the Asia region. Monarch’s existing customer base will continued to be served through the established sales channels.
 
Evonik’s catalysts production network consists of three sites in Germany (Hanau, Marl Rheinfelden), Calvert City (Kentucky, USA), Americana (Brazil), Tsukuba (Japan), Shanghai (China) and an additional tolling site for precious metal catalysts in India.