In response to rapidly escalating costs for raw materials and energy, Evonik´s Coatings & Additives Business Unit has announced a price increase of up to 25 percent for its DEGALAN coatings resins and PVC modifier products, effective immediately.

 

“Despite our best efforts to contain costs, continual dramatic increases in prices for our raw material and energy inputs leave us no choice but to pass on these higher costs to our customers,” explained Dr. Dietmar Schaefer, head of Evonik's Coating Additives & Specialty Resins business line. “While we recognize the burden this places on our customers, we've reached the point where such a price increase is unavoidable; we must pass on our higher costs if we are to remain a viable and effective business partner for our customers.”