# Evonik strengthens competitiveness of its Animal Nutrition business

> Evonik is restructuring its Animal Nutrition business, separating amino acids and specialty nutrition into different operating models. The company plans €200 million in annual cost savings from 2025, including about 200 job cuts, and is investing in global hubs.

- Date: 2023-04-03 · published 2023-04-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36734-evonik-strengthens-competitiveness-of-its-animal-nutrition-business
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

Cost cuts and hub investments may improve supply security for methionine, but the restructuring is unlikely to shift near-term prices on its own.

## Read by commodity

- METH: neutral

## Sources

- evonik.com: https://www.evonik.com/en/news/press-releases/2023/04/evonik-strengthens-competitiveness-of-its-animal-nutrition-busin.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.