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Essen, March 9, 2012
With immediate effect, or as contract terms permit, Evonik will increase globally prices for all Polyurethane Additives. The increase will be 5-10% depending on product type including TEGOSTAB® silicone stabilizers, TEGOAMIN® catalysts, GORAPUR® release agents and ORTEGOL® products. Tin based catalysts (KOSMOS®) will be dealt with separately. Evonik has worked diligently and will continue working to offset continuously rising raw material, energy, labour and transportation costs, however, it is not possible to absorb all of these rising costs. Evonik will increase polyurethane additive prices in order to continue to meet the needs of our customers in the future.
Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. In 2010 about 80 percent of the Group’s chemicals sales came from activities where it ranks among the market leaders. Evonik benefits specifically from its innovative prowess and integrated technology platforms. Evonik is active in over 100 countries around the world. In fiscal 2010 more than 34,000 employees generated sales of around €13.3 billion and an operating profit (EBITDA) of about €2.4 billion.
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.