Essen, Germany -- Evonik is to increase prices globally for all its polyurethane additives. The increase will be Euro 0.35/kg for Tegostab silicone stabilisers, Gorapur release agents, Tegoamin catalysts and Ortegol products. The increases take effect 15 Oct 2010, or as contracts permit, said Evonik, in a 17 Sept statement.
Tin-based catalysts (Kosmos) will be dealt with separately, said the company.
Evonik said it will continue "working diligently to offset rising costs due to raw material shortages, transport capacities, increasing labour costs and investments to ensure continued reliability of supply and our sustainability."
But the company added that it is not possible to absorb all these increases further without the risk of impairing reliability of supply and of Evonik failing to provide the services its customers value in the future.