The Business Unit "Inorganic Materials" of Evonik Industries AG is raising its Precipitated Silica prices in Europe, Africa, Middle East and Latin America. The price increase of 15 % will come into effect on August 1st, 2008, or when contracts allow.
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.
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 2007 about 43,000 employees generated sales of about €14.4 billion and an operating profit (EBIT) of more than €1.3 billion.
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.