November 30, 2007

Sascha Görg
PR-Management
Communication Services
Evonik Services GmbH
Phone +49 6151 18-4977
Fax +49 6151 18-4004
Cell +49 160 96974386
sascha.goerg@evonik.com

Methacrylates Business Unit Increases Prices for Methacrylate Monomers

The Methacrylates Business Unit of Evonik Industries, a leading global supplier of methacrylate chemicals, is increasing prices for methacrylate monomers. 

The new prices apply worldwide except for the NAFTA Region. Pricing for this region has already been announced by CYRO Industries, a wholly owned subsidiary of Evonik.

Effective January 1, 2008, the following price increases will apply, if permissible under existing agreements.

Europe:

Methyl Methacrylate + 70 € / mt 

Methacrylic Acid + 30 € / mt 

Butyl Methacrylate + 135 € / mt 

Hydroxy Esters + 30 € - 50 € / mt 

Specialty Esters & Crosslinkers + 30 € - 50 € / mt 

Rest of the World (except NAFTA):

Methyl Methacrylate + 100 $ / mt

Methacrylic Acid + 50 $ / mt

Butyl Methacrylate + 200 $ / mt

Hydroxy Esters + 40 $ - 80 $ / mt 

Specialty Esters & Crosslinkers + 40 $ - 80 $ / mt

The increase has been necessitated by increases in the costs of raw materials, energy, and logistics.

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 2006 more than 43,000 employees generated sales of about Euro 14.8 billion and an operating profit (EBIT) of over Euro 1.2 billion. 

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.