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EVONIK opens full-fledged strategic office in Bangladesh

Evonik, the creative industrial group from Germany is one of the world leaders in specialty chemicals. On 23 January, Evonik Bangladesh Ltd launched their new office in Dhaka, Bangladesh.

EVONIK Bangladesh office
Figure: Distinguish guests inaugurating the Evonik Bangladesh office.

At the opening ceremony Peter Fahrenholtz, German Ambassador to Bangladesh was the special guest; Peter Meinshausen, Regional President, Evonik Asia Pacific South; Dr. Jan-Olaf Barth, Vice President Asia South, Evonik Nutrition & Care; Evonik’s Bangladesh stakeholders and well-wishers were also present. Right now, Evonik is active in over 100 countries around the world with more than 36,000 employees. In the fiscal year 2017, the enterprise generated sales of €14.4 billion and an operating profit (adjusted EBITDA) of €2.36 billion.

Evonik in Bangladesh

Evonik has been operating in Bangladesh for more than 10 years, supplying its global portfolio of products and solutions to customers, mainly in the textile industry and poultry feed. Furthermore, Evonik is also focused on pharmaceutical and paint and coating applications.

By opening this office in Uttara, Dhaka; Evonik has established their legal entity here in Bangladesh. This office will be a business development hub for Evonik in different business segments. Right now Aux & Hue is the local business partner of Evonik to produce textile auxiliaries.

We have a long-standing engagement with Bangladesh and given the positive economic trajectory here in recent years, we believe this is the right time for us to explore greater opportunities for growth with strong local support.

Peter Meinshausen, Regional President, Evonik Asia Pacific South

The ambassador Peter Fahrenholtz said, “It is the right move of Evonik to open this strategic office in Dhaka because Bangladesh is now a rising star globally.”

“Bangladesh government wants more investment from German and I think by starting Evonik official activities here this got visibility,” the ambassador added. He also appreciated GDP growth consistency, social and environmental development of Bangladesh.

“We have a long-standing engagement with Bangladesh and given the positive economic trajectory here in recent years, we believe this is the right time for us to explore greater opportunities for growth with strong local support,” said Peter Meinshausen.

In the last five years, Evonik invested significantly in Bangladesh, Singapore, China, and India. Peter said that they will expand and invest more in Bangladesh.

Sanjit Kumar Chakraborty, Managing Director, Evonik Bangladesh Limited said, “Though we are in Bangladesh for a long time but to give customers more close service we opened this office.”

“Our next five years target is to help the millers in technology transformation. Usually, in Bangladesh, we get the technologies after the first world countries, but our commitment is bringing the technologies here at the same time,” he added further.

Eshrak E Alahi, Country Business Manager, Evonik Bangladesh Ltd said, “We are operating in the textile industry for the last two years and the growth was impressive which almost 128% is! There are many more positive things which actually helps the global management to take the decision of opening a new office here.”

EVONIK Bangladesh

The strategic location of premises in Dhaka will also allow Evonik to introduce additional products and strategically expand its capabilities in other growth sectors.

What Evonik offers for the textile industry

Evonik is a key supplier of specialty surfactants and tailor-made chemicals. Since many decades, formulators trust in their innovations and use them successfully as main ingredients and formulation aids for many textile auxiliaries. Evonik product portfolio covers a broad application range in diverse textile operations.

Their varied and extremely specialized product range is able to serve any textile formulator with valuable specialty raw materials. Thousands of formulated textile auxiliaries are produced worldwide to provide process ability of fibers and garments, as well as the desired quality of the final textile goods.

If anyone has any feedback or input regarding the published news, please contact: info@textiletoday.com.bd

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