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Evonik achieved a 24 percent increase in second-quarter adjusted EBITDA to €630 million, bolstered by higher sales volumes and prices in its Animal Nutrition business. Regional shipping bottlenecks outside Europe temporarily constrained Asian competitors, creating an economic windfall that prompted the specialty chemicals producer to raise its full-year guidance.

Europe’s feed industry is highly dependent on third countries, above all China, for the supply of vitamins and amino acids essential to animal nutrition.

The European Commission has imposed provisional anti-dumping duties on lysine imports from China, raising concerns across the EU feed sector.

Evonik, which is active in more than 100 countries around the world, launched AMINODat® 6.0 feed r...