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Evonik increases prices for superabsorbent polymers

May 11/2018

MOSCOW (MRC) -- Evonik raised the prices for its superabsorbent polymers, offered in Europe and the Americas, up to 15% with effect as of 4 May, 2018, as per the company's press release.

All existing contracts will be honored and are not affected by the price increase.

The price increase has become unavoidable to compensate higher raw material costs.

This adjustment will enable the business line Baby Care to continue to provide to its customers a superior quality, excellent service with special focus on supply reliability.

As MRC informed previously, Evonik Resource Efficiency invested in a capacity expansion of its performance foams business at its production site in Darmstadt, Germany. The investment increased the output of the facility by about 20% as a first step. The Group will be adding production equipment to its operations complex that manufactures products marketed under the Rohacell brand. The expanded production capacity was expected to be operational by the second half of 2017.

Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms. Evonik is active in over 100 countries around the world.
Author:Margaret Volkova
Tags:Europe, North America, South America, adhesives, construction, personal hygiene products, Evonik, Germany.
Category:General News
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