Evonik To Increase Prices For Select Polyurethane Additives in North America

HOPEWELL, Va., February 5, 2010 – Effective March 15, 2010, the Polyurethane Additives business line of Evonik Goldschmidt Corporation will increase KOSMOS® 29 stannous octoate prices by 10-12% in North America because of rising raw material costs.

Prices for KOSMOS 29® dilutions and KOSMOS® 19 di-butyl tin di-laurate will also increase.

KOSMOS 29® is used as a catalyst in the foam manufacturing industry.
 
For additional information about Evonik Industries in North America, please visit our website: www.evonik.com/north-america.
 
Company information
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 Euro 15.9 billion and an operating profit (EBITDA) of more than Euro 2.2 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 any obligation to update the forecasts, expectations or statements contained in this release.

For more information, contact:
Steven P. Snead-Smith
Evonik Goldschmidt Corporation
Tel: +1 804 452 5774
steven.p.snead-smith@evonik.com