MOSCOW (MRC) -- Effective November 1, 2017, or as contract terms permit, Evonik will increase globally prices for all polyurethane additives, said the producer in its press release.
The increase will be 5-10% depending on product type including DABCO, POLYCAT, TEGOSTAB, TEGOAMIN, KOSMOS, GORAPUR release agents and ORTEGOL products.
Stannous Octoate (KOSMOS 29, DABCO T9) will be dealt with separately.
Evonik has worked diligently and will continue working to offset continuously rising raw material, energy, labour and transportation costs, however it is not possible to absorb all of these rising cost. Evonik will increase polyurethane additive prices in order to continue to meet the needs of its customers in the future.
As MRC wrote previously, Evonik Resource Efficiency has invest in a capacity expansion of its performance foams business at its production site in Darmstadt, Germany. The investment will increase 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.
MRC