Essen, Germany - Goldschmidt Industrial Specialties of Evonik AG has announced that it will increase prices in Europe by 5 to 10 percent for speciality surfactants in industrial applications.
Degussa said the price adjustments, which take effect 1 Feb 2008, are a result of "the continuous increase in the costs of key raw materials for speciality silicone and organic surfactants."
Adding to a tight supply situation for some raw materials, the increase in prices accelerated in recent months, said Degussa, adding that increasing energy, transport, packaging and legislative (REACh - the new European chemicals regulation) costs also made these increases inevitable.
The company adds that it has managed to optimise processes and costs, but this could only partially offset increased raw material costs.
The increases apply to product lines, such as Tego Antifoam, Tego Rc, Tegopren, Tegosivin, Tegomer, Rewocoros and Rewopol,