Evonik Degussa Corporation announces a price increase for Pigment Blacks in NAFTA effective on January 1, 2008

The manufacturing costs of carbon blacks continue to increase, with feedstock costs reaching new all-time highs. Evonik Degussa has taken extensive steps to minimize the effects of rising raw material costs. However, cost increases can no longer be absorbed and need to be passed on to all customers.

Company information

Evonik Industries AG is the creative industrial group which operates in three highly profitable, promising business areas: Chemicals, Energy and Real Estate. Evonik is a global leader in specialty chemicals, an expert in power generation from hard coal and renewable energies, and one of the largest private residential real estate companies in Germany. Our strengths are creativity, specialization, continuous self-renewal, and reliability.  

Evonik Industries is active in over 100 countries around the world. In fiscal 2006 around 43,000 employees generated sales of €14.8 billion and operating profit (EBIT) of over €1.2 billion. Evonik plans to enter the capital market in the first half of 2008.  

Disclaimer

In so far as forecasts or expectations are expressed in this press release and where our forward-looking statements concern the future, these forecasts, expectations and statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Evonik Industries AG assumes no obligation to update the forecasts, expectations or statements contained in this release.  

For more information, contact:

Dr. Karin Otto/Dr. Heinz F. Zoch

Evonik Degussa Corporation

Tel: 49 69 21803432

e-mail: karin.otto@evonik.com

           heinz.zoch@evonik.com