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Evonik Industries Announces Price Increases for Acematt®

Published on 2008-01-22. Author : SpecialChem

Frankfurt -- Evonik Industries' Inorganic Materials Business Unit will increase the prices of their matting agents Acematt® globally. The price increase of 5% will be effective as of February 1st, 2008. Over the last years, Evonik Degussa has absorbed significantly rising costs, but is no longer able to withstand cost pressures caused by the rise in energy, raw materials, transportation and regulatory expenses.

About Evonik Industries:

Evonik Industries is the creative industrial group which operates in three highly profitable, promising 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 fiscal 2006 around 43,000 employees generated sales of €14.8 billion and an operating profit (EBIT) of over €1.2 billion. Evonik plans to enter the capital markets in the first half of 2008.

Disclaimer:

In so far as forecasts or expectations are expressed in this press release and where our forward-looking statements concern the future, these forecasts, expectations and statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Evonik Industries AG assumes no obligation to update the forecasts, expectations or statements contained in this release.

Source: Evonik Industries


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