Evonik Cyro LLC Announces Price Increase for ACRYLITE® AND ACRYLITE PLUS®
Evonik Cyro LLC announces a price increase on its ACRYLITE® and ACRYLITE PLUS® molding and extrusion compound grades. The increase of $0.08/lb. will be effective for shipments invoiced on or after September 15, 2009 or as contracts allow.
The price increase is necessitated due to the continued escalation in critical raw materials in combination with rising conversion costs. The action is required despite Evonik Cyro taking significant measures to reduce operations costs.
Evonik Cyro LLC
Evonik Cyro LLC, an Evonik Degussa Corporation group company, is part of Evonik Industries’ Business Unit Performance Polymers, a worldwide manufacturer of acrylic sheet and molding compounds, and bulk and performance monomers. Cyro manufactures and markets its acrylic sheet and molding compounds under the ACRYLITE® trade name in the Americas. These same products are manufactured and marketed under the PLEXIGLAS® trade name on the European, Asian, African and Australian continents.
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 2008 about 41,000 employees generated sales of about Euro 15.9 billion and an operating profit (EBITDA) of more than Euro 2.2 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 nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.