Effective September 1, 2008, the Acrylic Polymers Business Line of Evonik Industries will raise the prices of its PMMA molding compounds and sheet products marketed under the PLEXIGLAS® and DEGLAS® brand names. The increase, if permissible under existing agreements, will amount to €0.20 per kilogram for all products.
Evonik makes every effort to keep improving its production processes by making them more efficient. However, steep increases in the costs of raw materials, energy, transportation, and, in particular, natural gas leave the company with no other choice but to pass on to customers some of the resulting increases in its production costs. The price increase is also necessary to ensure that the high quality standard of its products is maintained.
The Performance Polymers Business Unit of Evonik Industries is a worldwide manufacturer of PMMA products sold under the PLEXIGLAS® trademark on the European, Asian, African and Australian continents and under the trademark ACRYLITE® in the Americas.
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.