Evonik increase prices polyurethane additives

Evonik to increase prices for polyurethane additives

1:17 PM, 17th June 2011
Evonik to increase prices for polyurethane additives

ESSEN, GERMANY: With immediate effect, or as contract terms permit, Evonik will increase globally prices for all polyurethane additives. The increase will be 5-10 per cent depending on product type including TEGOSTAB silicone stabilizers, TEGOAMIN catalysts and ORTEGOL products. Tin based catalysts (KOSMOS) and GORAPUR release agents will be dealt with separately.

Evonik will continue working diligently to offset rising raw material costs, especially for petrochemicals and even more silicone intermediates, but also costs related to transport, increasing labour costs and investments to ensure continued reliability of supply and sustainability. However it is not possible to absorb all these increases further without risking to impair reliability of supply and to fail providing the services Evonik customer’s value in the future, said the company.

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