Evonik increases prices for its C4-based product portfolio

Marl, Germany - Effective November 1, 2017 (or as allowed by contracts), the Evonik Business Line Performance Intermediates of the segment Performance Materials will increase the prices for its complete C4-based product portfolio due to both disadvantageous raw material composition as well as limited raw material availability. As far as permissible under existing agreements, prices will be increased by 3 – 6 %.

Company information
Evonik is one of the world leaders in specialty chemicals. The focus on more specialty businesses, customer-orientated innovative prowess and a trustful and performance-oriented corporate culture form the heart of Evonik’s corporate strategy. They are the lever for profitable growth and a sustained increase in the value of the company. Evonik benefits specifically from its customer proximity and leading market positions. Evonik is active in over 100 countries around the world with more than 35,000 employees. In fiscal 2016, the enterprise generated sales of around €12.7 billion and an operating profit (adjusted EBITDA) of about €2.165 billion.

About Performance Materials
The Performance Materials Segment is managed by Evonik Performance Materials GmbH. The segment focuses its global activities on developing and manufacturing polymer materials and intermediates, especially for use in agriculture and in the rubber and plastics industry. In 2016, the segment’s roughly 4,400 employees generated sales about €3.2 billion.