Evonik will increase the prices for its Home- and Fabric Care products in Europe starting as of July 15, 2014, at a minimum of 3%, as far as contracts allow.
Thomas Wildt, new head of the Global Business Line Household Care since April 1, 2014, outlined the need to increase the profitability of the existing business as reason.
Supported by cost reduction efforts these measures should safeguard the sustainability of the business for Evonik and its business partners.
Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Profitable growth and a sustained increase in the value of the company form the heart of Evonik’s corporate strategy. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms.
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.