Evonik's Industrial Chemicals Business Unit announces a price increase of 15% in Europe for all grades of hydrogen peroxide (H2O2). The price increase applies as of 1st of April 2011. The cost of major raw materials, energy and logistics have increased substantially in previous months making it necessary for Evonik to pass on these increased costs.
Evonik is one of the world's leading suppliers of hydrogen peroxide (H2O2) products and services and has over 100 years of experience in the business. The Group offers various industries a broad range of specific bleaching agent applications. Major customers include the paper and textile industries.
Evonik is the creative industrial group from Germany. In our core business of specialty chemicals, we are a global leader. In addition, it has energy and residential real estate operations. Our performance is shaped by creativity, specialization, reliability and continuous self-renewal.
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.