Evonik Industries’ Coatings & Additives Business Unit has announced it will raise prices for DEGALAN®, DEGACRYL®, DEGADUR®, DEGAROUTE®, DEGAPLAST®, DEGADECK®, DEGAMENT®, ROHAGIT® and PLEX® by up to 10 percent effective in all regions as of the 1. quarter 2010.
Even drastic cost cutting measures at the company have not been enough to offset the surge in prices for raw materials, energy and packaging. This price adjustment is a necessary measure to allow Evonik to continue to offer its customers in an exceptionally challenging environment high-quality products and reliable service.
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 2008 about 41,000 employees generated sales of about €15.9 billion and an operating profit (EBITDA) of about €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.