MOSCOW (MRC) -- Evonik Industries AG will globally increase the prices for selected product types of its PMMA molding compounds, which it markets under the PLEXIGLAS and PLEXIMID trademarks (ACRYLITE and ACRYMID in the Americas), as per the company's press release.
As far as permissible under existing agreements and according to the product type, the increase will amount to up to a double-digit percentage.
Earlier, in May 2015, Evonik announced that, effective June 1, 2015, Evonik Industries AG would increase the prices of its PMMA sheets and blocks, which it markets under the PLEXIGLAS and DEGLAS trademarks, and the ACRIFX products by 6.5%. The reason for this step is the ongoing considerable rise in the cost of upstream products, especially raw materials.
Evonik Industries is a worldwide manufacturer of PMMA products sold under the PLEXIGLAS trademark on the European, Asian, African and Australian continents and under the ACRYLITE trademark in the Americas.
As MRC informed previously, in March 2015, Evonik Industries presented PLEXIGLAS Resist AG 100 - a new specialty molding compound for manufacturing vehicle glazing.
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. In fiscal 2014 more than 33,000 employees generated sales of around EUR12.9 billion and an operating profit (adjusted EBITDA) of about EUR1.9 billion.
MRC