Effective September 1, 2008, Evonik is increasing the price of its fumed silica titanium dioxide and mixed oxides (AEROSIL® and AEROXIDE®) products worldwide. Prices will increase by 8 percent on average depending on the product and region.
Due to continued increases in the costs of raw materials, energy and logistics, Evonik is no longer able to absorb these huge cost escalations and must pass on part of the increases to the market. This is necessary to secure the high quality standard of the products, optimum service, and technical support.
Evonik will continue to monitor this situation and will make adjustments when necessary.
Evonik Industries is the creative industrial group from Germany which operates in three business areas: Chemicals, Energy and Real Estate. Evonik is a global leader in specialty chemicals, an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our strengths are creativity, specialization, continuous self-renewal, and reliability. Evonik is active in over 100 countries around the world. In its fiscal year 2007 about 43,000 employees generated sales of about €14.4 billion and an operating profit (EBIT) of more than €1.3 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.