Frankfurt, Germany - Evonik Industries AG is to increase prices for all its polyurethane additives including Tegostab silicone stabilisers, Gorapur release agents, Tegoamin catalysts and Ortegol products, worldwide, by Euros 0.20 - 0.35/kg dependent upon product.
The increases take effect 1 Jan 2008, Evonik said.
Tin-based products will be dealt with separately.
Evonik said in ts 28 Nov announcement that it has "worked diligently to offset steadily rising raw material, energy, packaging, and transportation costs." But, the former Degussa/Goldschmidt business added, it is no longer possible to absorb these increases.
The prices rises for Evonik's polyurethane additive prices are needed to continue to meet the future needs of its customer, the statement added.