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Degussa investing EUR 25 M in advanced nanomaterials.

Asia Africa Intelligence Wire

| February 27, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Chemical Business NewsBase - Press Release)

Degussa AG is strengthening its nanotechnology activities. It is transferring its Nanomaterials Project House into the independent internal start-up Degussa Advanced Nanomaterials, located in the Hanau-Wolfgang Industrial Park. The internal corporate venture, which currently employs a staff of 20, aims to establish itself as a profitable business entity with new products by 2006. The Degussa corporate venture company Creavis Technologies & Innovation and the Degussa Aerosil & Silanes business unit are providing up to EUR 25 M over …

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