Evonik Industries has acquired the precious metal powder catalysts business of Ravindra Heraeus Pvt. Limited, Udaipur (Rajasthan, India). As stipulated in the agreement, all know-how, technology, and business relationships with catalyst customers will pass from Ravindra Heraeus to Evonik, while the production equipment will remain with the Indian company. Both partners have also concluded long-term agreements concerning contract manufacturing and precious metal recycling. Based on these agreements, Ravindra Heraeus will continue to produce precious metal catalysts for the Indian market and recycle used catalysts at its site in Udaipur on behalf of Evonik. The catalysts for Evonik’s existing Indian customers are currently imported from Germany. In the future, these products will also be manufactured by Ravindra Heraeus in India.
Precious metal powder catalysts are used in the pharmaceuticals, fine chemicals and industrial chemicals industries for such purposes as selective and cost-effective chemical synthesis of pharmaceutical or agricultural active ingredients. The pharmaceuticals and fine chemicals markets in India have posted above-average growth for several years, owing in part to the outsourcing strategies of pharmaceutical and agricultural companies, which no longer produce the active ingredients themselves.