Press release
Presse
February 28, 2022

Evonik to Raise Prices of High-Performance Plastics

Essen/Marl. Evonik's High Performance Polymers Business Line announces a price increase for its VESTAMID®, VESTOSINT®, VESTAMELT®, VESTODUR®, and TROGAMID® product lines effective April 1, 2022. Product prices will increase by an average of 13 to 25 percent depending on type and region. Customers will be informed of the specific price increases by their account managers.

The last months’ increases in energy, raw material and transportation prices have forced Evonik to take this decision because they reached a level that cannot be compensated by improved efficiency of processes.

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 Smart Materials

The Smart Materials division includes businesses with innovative materials that enable resource-saving solutions and replace conventional materials. They are the smart answer to the major challenges of our time: environment, energy efficiency, urbanization, mobility and health. The Smart Materials division generated sales of around €3.24 billion in 2020 with about 7,900 employees. 

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.