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Evonik Announces Price Increases for Pigment Blacks From February 1, 2008

Published on 2008-01-17. Author : SpecialChem

Evonik Industries' Inorganic Materials Business Unit has announced a price increase for pigment blacks, effective for deliveries in Europe from February 1, 2008. Manufacturing costs of pigment blacks have been increasing continuously for some time, and feedstock costs are now at an all-time high. Evonik has taken all conceivable steps to offset these rising costs. However, these measures no longer suffice to absorb cost increases, which must now be passed on in part to all customers.

About Evonik Industries:

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 2006 more than 43,000 employees generated sales of about Euro14.8 billion and an operating profit (EBIT) of over Euro 1.2 billion.

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.

Source: Evonik Industries


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