ERJ staff report (DS)
Frankfurt, Germany -- Evonik Industries' Inorganic Materials Business Unit has announced a further price increase for pigment blacks, furnace blacks, pigment lamp blacks, pigment gas blacks, and pigment black preparations. Depending on the product group, the price increase will amount up to 18 percent. It will be effective for all deliveries on or after August 15, 2008.
In a statement, Evonik said, "Previous price adjustments and all counter measures implemented by Evonik Industries have not been sufficient to compensate for the persistent and accelerating cost increases for feedstock, energy and transportation. For this reason, Evonik Industries has no choice but to pass on some of these costs to its customers."
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Press release from Evonik