Rising Raw Material Costs Cited For Price Increase
Effective July 15, 2011, Evonik Goldschmidt Corporation’s Household Care and Interface and Performance business lines will increase list and off list prices for products marketed in North America.
Organic products including quaternary compounds, surfactants, amines, amine derivatives and specialty organic additives will increase up to 30 cents per pound, depending on the product.
Select products will be subject to higher increases.
Rising raw materials and transportation costs are the major reasons for the increase.
For additional information about Evonik in North America, please visit our website: www.evonik.com/north-america.
Evonik is the creative industrial group from Germany. In our core business of specialty chemicals, we are a global leader. In addition, it has energy and residential real estate operations. Our performance is shaped by creativity, specialization, reliability and continuous self-renewal. Evonik is active in over 100 countries around the world. In fiscal 2010 more than 34,000 employees generated sales of around €13.3 billion and an operating profit (EBIDA) of about €2.4 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.