Evonik Goldschmidt GmbH and Hercules Incorporated Announce a Cooperative Effort in Personal Care
Evonik Goldschmidt GmbH and Aqualon, a business unit of Hercules Incorporated, have joined together to bring new multi-functional polymers to the personal care market. The ultimate goal of the cooperative effort is to bring innovative solutions to the personal care formulator by leveraging the expertise of both companies. Specifically, Aqualon brings technology expertise of natural polymers and Evonik Goldschmidt the market expertise and application know-how.
"Aqualon sees an exciting future thanks to our collaboration with Evonik Goldschmidt. Their application expertise will accelerate the creation of innovative new products for the personal care industry" stated Jeff Wolff, General Manager Regulated Industries at Aqualon. “Evonik Goldschmidt is committed to the relationship with Aqualon,” commented Willy Klipp, Sr. Vice President and General Manager of Personal Care; “the addition of natural polymers strongly enhances our existing portfolio of silicones, organic specialties and active ingredients”.
The springboard for this collaboration is based on cellulosics (hydroxypropyl methylcellulose) – water soluble polymers for cleansing formulations. In addition to thickening, these polymers exhibit surface activity that results in more stable and creamy foams. Now these celluloses are available in a unique, patented fluidized polymer suspension, making in-use handling easier. Various viscosity grades have been created in both the traditional powder and the new suspension to ensure the right product for specific applications. These products are marketed by Evonik Goldschmidt under the new trade name TEGOCEL® and TEGOCEL® fluid.
The successful collaboration between Aqualon and Evonik Goldschmidt continues with innovate carbohydrate derivatives for skin and hair care in the pipeline for market launch in the near future.
Evonik Industries is the creative industrial group which operates in three highly profitable, promising business areas: Chemicals, Energy and Real Estate. Evonik is a global leader in specialty chemicals, an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our strengths are creativity, specialization, continuous self-renewal, and reliability.
Evonik is active in over 100 countries around the world. In fiscal 2006 around 43,000 employees generated sales of €14.8 billion and an operating profit (EBIT) of over €1.2 billion. Evonik plans to enter the capital markets in the first half of 2008.
In so far as forecasts or expectations are expressed in this press release and where our forward-looking statements concern the future, these forecasts, expectations and statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Evonik Industries AG assumes no obligation to update the forecasts, expectations or statements contained in this release.