The Acrylic Monomers Business Line of Evonik Industries, one of the world’s leading suppliers of methacrylate chemicals, will raise the prices of its methacrylate monomers. The new pricing structure applies to customers worldwide with exception of NAFTA. NAFTA pricing will be communicated separately by Evonik CYRO Industries, a 100 percent subsidiary of Evonik.
Effective September 15, 2008, as far as permissible under existing agreements, the prices will be increased by the levels indicated below:
Methyl Methacrylate + 200 € / mt
Methacrylic Acid + 210 € / mt
Butyl Methacrylate + 210 € / mt
Methacrylamide + 290 € / mt
Hydroxy Esters + 160 € / mt
Specialty Esters + 150 € / mt
Rest of the world (except NAFTA):
Methyl Methacrylate + 300 $ / mt
Methacrylic Acid + 315 $ / mt
Butyl Methacrylate + 315 $ / mt
Methacrylamide + 430 $ / mt
Hydroxy Esters + 240 $ / mt
Specialty Esters + 225 $ / mt
Evonik makes every effort to keep improving its production processes by making them more efficient. However, steep increases in the costs of raw materials, energy and transportation leave the company with no other choice but to pass on to customers some of the resulting increases in its production costs. The price increase is also necessary to ensure that the high quality standard of its products is maintained.
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 (EBITDA) of more than €2.2 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.