Evonik raises silica prices

ERJ staff report (DS)

Frankfurt, germany -- Evonik Industries AG is raising its specialty silica prices in Europe, Africa, Middle East and Latin America. The price increase of 15 percent will come into effect on August 1st, 2008.

The company saidit has, "absorbed a major portion of the rising costs, but is no longer able to withstand cost pressures caused by the rise in energy, raw materials, transportation costs and quality requirements.