Finance
Evonik to merge chemical services division in Marl and Wesseling
Published by Global Banking & Finance Review®
Posted on August 28, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 28, 2025
2 min readLast updated: January 22, 2026
Evonik Industries will merge its Marl and Wesseling sites into Syneqt GmbH as part of restructuring, starting January 1.
(Reuters) -German chemicals group Evonik Industries said on Thursday it would merge its sites in Marl and Wesseling into a single unit as a part of the company's restructuring measures.
The new company, Syneqt GmbH, is scheduled to begin operations on January 1 as Evonik's wholly-owned subsidiary.
It could be incorporated into a joint venture or sold in the future, said Thomas Wessel, the company's chief human resources executive and labour relations director.
Options under consideration range from financial investors to strategic partnerships to infrastructure service providers, Wessel added.
Evonik's service units at the Marl and Wesseling sites employ 3,500 staff, generating around 1.8 billion euros ($2.11 billion) of annual sales.
The new company will offer services related to chemical plants, such as energy supply and pipeline construction, as well as operation, logistics and plant security.
Germany's chemical sector, the country's third-largest industry, continues to struggle with weak demand, a sluggish economy and, more recently, higher U.S. import tariffs.
Aiming to slim down its business, Evonik has been undergoing the largest restructuring programme in its history, which might reduce its workforce by more than a fifth.
($1 = 0.8542 euros)
(Reporting by Matthias Inverardi; writing by Anastasiia Kozlova; editing by Rachel More)
The new company is called Syneqt GmbH and is set to begin operations on January 1.
The service units at the Marl and Wesseling sites employ 3,500 staff.
Syneqt GmbH will offer services related to chemical plants, including energy supply, pipeline construction, operation, logistics, and plant security.
Germany's chemical sector is struggling with weak demand, a sluggish economy, and higher U.S. import tariffs.
Evonik is undergoing the largest restructuring program in its history, which may reduce its workforce by more than a fifth.
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