Evonik in March unveiled plans to divest its methacrylates plastics unit, which makes clear acrylic sheet and related materials with about 1.5 billion euros in 2017 sales, as it looks to focus on faster-growing sectors such as feed additives and rubber silica for tyres.

"There are some smaller businesses on the production side where it really makes sense from a product portfolio point of view to group them to this entity. We are just now looking into that," said Chief Financial Officer Ute Wolf, speaking to analysts in a conference call.

(Reporting by Ludwig Burger; Editing by Maria Sheahan)