Evonik Industries issues new pricing structure for its Visiomer methacrylate monomers, effective in all regions except NAFTA

DARMSTADT, Germany , June 22, 2009 (press release) – The Performance Polymers Business Unit of Evonik Industries, one of the world’s leading suppliers of methacrylate chemicals, will raise the prices of its VISIOMER® Methacrylate Monomers. The new pricing structure applies to customers worldwide with exception of NAFTA. NAFTA pricing will be communicated separately by Evonik Cyro LLC, a 100 percent subsidiary of Evonik.

Effective July 01, 2009, as far as permissible under existing agreements, the prices will be increased by the levels indicated below:

Europe:

VISIOMER® Methyl Methacrylate + 60 € / mt
VISIOMER® Methacrylic Acid + 80 € / mt
VISIOMER® Butyl Methacrylate + 80 € / mt
VISIOMER® Methacrylamide + 80 € / mt
VISIOMER® Hydroxy Esters + 80 € / mt
VISIOMER® Specialty Esters + 50 € / mt

Rest of the world (except NAFTA):

VISIOMER® Methyl Methacrylate + 80 $ / mt
VISIOMER® Methacrylic Acid + 110 $ / mt
VISIOMER® Butyl Methacrylate + 110 $ / mt
VISIOMER® Methacrylamide + 110 $ / mt
VISIOMER® Hydroxy Esters + 110 $ / mt
VISIOMER® Specialty Esters + 70 $ / mt

The price increase is caused by higher costs for raw materials and logistics.

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 €15.9 billion and an operating profit EBITDA of about €2.2 billion.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.