Evonik to Increase Prices for Polyurethane Additives

HOPEWELL, Va., February 3, 2010 – Effective March 15, 2010, Evonik will increase prices for all Polyurethane Additives as contracts permit. The increase ranges from 5-10% depending on product type and includes TEGOSTAB® silicone stabilizers, GORAPUR® release agents, TEGOAMIN® catalysts and ORTEGOL® products.

Tin-based catalysts (KOSMOS) will be dealt with separately.

Evonik has worked and will continue to work diligently to offset rising raw material and energy costs. However, it is not possible to absorb these increases and still provide the services Evonik customers value in the future.

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