Evonik Goldschmidt Corporation To Increase Organics, Silicones Prices

HOPEWELL, Va., June 4, 2012

Effective June 15, 2012, or as contracts allow, Evonik Goldschmidt Corporation’s Household Care business lines will increase prices for products marketed in North America.

Depending on the product, prices for quaternary compounds will increase $0.06/kg, amines $0.07/kg, amine derivatives $0.10/kg and specialty organo modified silicones $0.60/kg. Select products will be subject to higher increases.

Rising raw materials and transportation costs are the major reasons for the increase.

For additional information about Evonik in North America, please visit our website: www.evonik.com/north-america.

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Mike Sheridan

Evonik Degussa Corporation

  • About Evonik

    Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Profitable growth and a sustained increase in the value of the company form the heart of Evonik’s corporate strategy. Evonik benefits specifically from its innovative prowess and integrated technology platforms.

    Evonik is active in over 100 countries around the world. In fiscal 2011 more than 33,000 employees generated sales of around €14.5 billion and an operating profit (adjusted EBITDA) of about €2.8 billion.

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    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.