ESSEN, Germany - Evonik Industries' Coatings & Additives business unit has announced a price increase for all Fischer-Tropsch and polyethylene waxes marketed under the trade name of VESTOWAX® in Europe and the Middle East. The price increase will take effect Feb. 1, 2010, and will be between six and eight percent, depending on the VESTOWAX grade. This increase does not affect current price agreements and contracts with validity for 2010.

 

The increase affects all Fischer-Tropsch and polyethylene hard paraffins and Fischer-Tropsch and polyethylene oxidates.