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Evonik Subsidiary Evonik Degussa GmbH Raises Specialty Silica Prices in Europe, Africa, Near/Middle East and Latin America

Published on 2007-11-09. Author : SpecialChem

The Advanced Fillers & Pigments Business Unit of Düsseldorf-based Evonik Degussa GmbH is raising its Specialty Silica prices in Europe & ROW (Africa, Near/Middle East and Latin America). The price increase of 8% will come into effect on December 1st, 2007. Over the last few months, Evonik Degussa has absorbed a major portion of the rising costs, but is no longer able to withstand cost pressures caused by the rise in energy, raw materials, transportation costs and quality requirements.

About Evonik Industries

Evonik Industries AG 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 Industries is active in over 100 countries around the world. In fiscal 2006 around 43,000 employees generated sales of €14.8 billion and operating Profit (EBIT) of over €1.2 billion. Evonik plans to enter the capital market in the first half of 2008.

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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