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Evonik Announces Pigment Black Price Increase

On Monday, July 21, 2008, Evonik announced a price increase for pigment grades of carbon black. The text of the press release is below.

Essen, Germany, July 21, 2008 — Evonik Industries’ Inorganic Materials Business Unit has announced a further price increase for carbon black pigments. The products affected are pigment furnace blacks, pigment lamp blacks, pigment gas blacks, and pigment black preparations. Depending on the product group, the price increase will amount up to 18 percent. It will be effective for all deliveries on or after August 15, 2008.

Previous price adjustments and all counter measures implemented by Evonik Industries have not been sufficient to compensate for the persistent and accelerating cost increases for feedstock, energy and transportation. For this reason, Evonik Industries has no choice but to pass on some of these costs to its customers.

Here is the press release.

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