Evonik to Raise Prices of High-Performance Polymers and Monomers

(PresseBox) ( Essen, )
High Performance Polymers Business Line of Evonik Industries AG, Germany, will raise prices of their product ranges VESTAMID®, VESTOSINT®, VESTAMELT®, TROGAMID® and VESTENAMER® by an average of 7%, depending on region and product type. Customers will be informed of specific price increases by their regional representatives. The increase will become effective May 1, 2010.
Furthermore High Performance Polymers will raise prices for the C8 and C12 monomers by 12% at the same date.

The last months’ increases in raw material prices and transports have forced Evonik to take this decision because they reached a level that cannot be compensated by improved profitability of processes.

The High Performance Polymers Business Line focuses on the production of customized products, systems, and semi-finished products based on high-performance polymers. It currently employs more than 1,000 people in Marl and at the production sites of Darmstadt, Witten (both in Germany), Lenzing (Austria), Magnolia (Arkansas, USA), Aboshi (Japan), and Changchun (China). It also has access to a worldwide sales and marketing network that includes the hubs of Marl, Shanghai, and Parsippany.

Disclaimer

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.
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