Evonik increases prices for its C4-based product portfolio
Marl, Germany - Effective November 1, 2016 (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 3-5%.
Company information
Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals, operating in the Nutrition & Care, Resource Efficiency and Performance Materials segments. The company benefits from its innovative prowess and integrated technology platforms. In 2015 more than 33,500 employees generated sales of around €13.5 billion and an operating profit (adjusted EBITDA) of about €2.47 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 2015, the segment’s roughly 4,400 employees generated sales about €3.4 billion.
Disclaimer
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.