The growing influence of Japan and the growth of Southeast Asian economies prompted Degussa to set up production sites and technical service centers in addition to sales companies in this region.
In several stages ending in 2006, Essen-based RAG Beteiligungs AG acquired all shares of Degussa AG, which subsequently was converted to a GmbH (limited liability company under German law). After RAG Beteiligungs AG was converted to Evonik Industries AG on September 12, 2007 the businesses of the former Degussa GmbH were transferred to the new company.
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