EVONIK INCREASES PRICES FOR ITS VESTAMIN®, VESTANAT® AND VESTAGON® PRODUCTS

Effective today, or as contracts allow, Evonik is increasing prices globally for its products offered under the brand names VESTAMIN® VESTANAT® and VESTAGON®.

Prices increase of minimum ten percent is driven by continued and rapid escalation of raw material costs, their availability, increased manufacturing costs and raising logistic costs. This increase is required in order to provide continued service, support, and sustainable manufacturing for our customers

COMPANY INFORMATION

Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €12.2 billion and an operating profit (adjusted EBITDA) of €1.91 billion in 2020. Evonik goes far beyond chemistry to create innovative, profitable and sustainable solutions for customers. About 33,000 employees work together for a common purpose: We want to improve life today and tomorrow.

ABOUT SPECIALTY ADDITIVES

The Specialty Additives division combines the businesses of versatile additives and high-performance crosslinkers. They make end products more valuable, more durable, save more energy and simply better. As formulation experts in fast growing markets such as coatings, mobility, infrastructure and consumer goods, Specialty Additives combines a small amount with a big effect. With its 3,700 employees the division generated sales of €3.23 billion in 2020.

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.