Degussa transformation nearing completion

Published: 1-Apr-2003

Degussa has now virtually completed its transformation into a company engaged purely in fine chemicals, having sold off more than 90% of its non-core assets. The net proceeds of this divestiture programme, which amount to some Euro 3.4bn (US$3.7bn), will be used to expand key growth areas.


Degussa has now virtually completed its transformation into a company engaged purely in fine chemicals, having sold off more than 90% of its non-core assets. The net proceeds of this divestiture programme, which amount to some Euro 3.4bn (US$3.7bn), will be used to expand key growth areas.

The company is instituting a strategy of linking together the knowledge contained within the organisation. According to Dr Peter Nagler, president fine chemicals, taking advantage of process innovation across the group could result in growth of up to 5% a year in the future. Dr Nagler said the company is also looking to set up collaborations with academia in Asia.

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