Evonik has unveiled a significant restructuring initiative, which will introduce a more streamlined management model and shift its focus to two new business segments: Custom Solutions and Advanced Technologies. Our new management model will allow us to leverage our core strengths, which are innovation and efficiency,” Kullmann explained. Custom Solutions will target niche markets, offering highly customised solutions with a strong focus on customer proximity. On the other hand, Advanced Technologies will concentrate on operational excellence and cost leadership, driven by technological expertise. Both segments are expected to generate approximately EUR 6 billion in annual sales, with Custom Solutions contributing significantly to EBITDA and Advanced Technologies focusing on cash flow generation.