This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ32073_L.jpg
The company added that its amino acids and specialties businesses will operate separately and on different business models.
Evonik, a market leader in the production of amino acids for poultry feeds, said the market environment for amino acids is challenged by rising raw material and energy costs, but still remains attractive.
The Essen-based company will now be targeting a streamlined operating model focused on efficiency and cost-leadership for its amino acids business, it said.
“We are systematically implementing a plan that will develop our Animal Nutrition business, so it continues to grow and succeed in our markets,” said Johann-Caspar Gammelin, head of Evonik’s Nutrition & Care branch.
($1 = 0.9238 euros)
