German chemicals firm has faith in fast-growing China

German industrial group Evonik opened a 2.5-billion-yuan chemicals facility in Shanghai in November 2009. The move is part of the company's strategy to focus on what will be the largest and fastest growing market in the world, Klaus Engel, chairman of the executive board of Evonik Industries AG, told China Daily in a recent interview.

The facility can produce 100,000 tons of methyl methacrylate (MMA) annually, the derivatives of which are used mainly for LCD screens, and in the construction and automotive industries. The facility is the company's second largest investment in the chemicals business.

Engel talked about the company's recent achievements in China and its environmental activities.