Evonik Raises Prices for Pigment Blacks in Europe

Evonik’s Inorganic Materials segment has announced a price increase for pigment blacks and Acematt matting agents. The price increase for pigment blacks will be effective for deliveries in Europe from February 1, 2008. The release states, “Manufacturing costs of pigment blacks have been increasing continuously for some time, and feedstock costs are now at an all-time high. Evonik has taken all conceivable steps to offset these rising costs. However, these measures no longer suffice to absorb cost increases, which must now be passed on in part to all customers.” The release did not provide specific details on the amount of the increase.