CYROLITE® Compounds News
Price increase for Evonik’s CYROLITE® molding compounds
Parsippany, NJ, USA - Effective January 1, 2017, the Evonik segment Performance Materials will increase globally the prices for its acrylic-based CYROLITE® Multipolymers, XT® Polymers, CYREX®, CYROVU® and CYROLITE® MD products.
As far as permissible under existing agreements and according to the product type, the increase will be five percent. Evonik is committed to supply the highest quality products and services in the acrylic industry.
Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals, operating in the Nutrition & Care, Resource Efficiency and Performance Materials segments. The company benefits from its innovative prowess and integrated technology platforms. In 2015 more than 33,500 employees generated sales of around €13.5 billion and an operating profit (adjusted EBITDA) of about €2.47 billion.
The Performance Materials Segment is managed by Evonik Performance Materials GmbH. The segment focuses its global activities on developing and manufacturing polymer materials and intermediates, especially for use in agriculture and in the rubber and plastics industry. In 2015, the segment’s roughly 4,400 employees generated sales about €3.4 billion.
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.