DSM and Evonik said that construction of their joint venture US$200m omega-3 fatty acid manufacturing facility at the Evonik site in Nebraska, US is underway and is proceeding according to plan.
In its Q2 financial results, Evonik reported good demand and improved market sentiment in its animal nutrition business towards the end of the quarter.
Evonik says it is boosting its corporate venturing activities in Asia by taking a stake in a Chinese investment fund that focuses on the agriculture and nutrition sector.
The German group, in releasing its financial results for Q4 and the full year 2015 yesterday, predicted adjusted earnings for this year could dip by as much as 19%.