Evonik to Raise Prices of High Performance Polymers and Monomers    

Evonik Industries AG, Germany, will raise prices of their entire range of high performance polymers and monomers by an average of 10%, and up to 15% in US dollar-based regions, depending on product type. Customers will be informed of specific price increases by their regional representatives. The increase will become effective June 1, 2008.  

Steep increases in raw material prices, including the key material butadiene, coupled with the dramatic weakening of the US dollar against the Euro, have forced Evonik to take this decision.

The High Performance Polymers Business Line focuses on the production of customized products, semi-finished products, and systems based on high-performance polymers. It currently employs more than 1,000 people in Marl and at the production sites of Darmstadt, Witten (both in Germany), Lenzing (Austria), Magnolia (Arkansas, USA), Aboshi (Japan), and Changchun (China). It also has access to a worldwide sales and marketing network that includes the hubs of Marl, Shanghai, and Parsippany.  

Company information
Evonik Industries is the creative industrial group from Germany which operates in three 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 is active in over 100 countries around the world. In its fiscal year 2007 about 43,000 employees generated sales of about €14.4 billion and an operating profit (EBIT) of more than €1.3 billion (preliminary figures).  

Disclaimer
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.