Evonik to Raise Prices of High Performance Polymers and Monomers    

By Joyce Tang   
Evonik Industries AG, Germany, will raise prices of their entire range of high performance polymers and monomers. In the Asia Pacific region, prices will be increased by an average of 15% for invoices in US dollar and by an average of 8% for invoices in Euro, depending on product type. The increase will become effective June 1st, 2008.
   Steep increases in raw material prices, including the key material butadiene, coupled with the dramatic weakening of the US dollar against the Euro, have forced Evonik to take this decision.
   The High Performance Polymers Business Line focuses on the production of customized products, semi-finished products, and systems based on high-performance polymers. It currently employs more than 1 000 people in Marl and at the production sites of Darmstadt, Witten (both in Germany), Lenzing (Austria), Magnolia (Arkansas, USA), Aboshi (Japan), and Changchun (China). It also has access to a worldwide sales and marketing network that includes the hubs of Marl, Shanghai, and Parsippany.
   Evonik Industries is the creative industrial group from Germany which operates in three business areas: Chemicals, Energy and Real Estate.