Effective May 1, 2022, Evonik’s Catalyst business line will be implementing a price increase to cope with the globally growing price escalation.
Especially the last months’ increases in energy, raw material and transportation prices have forced Evonik to take this decision because they reached a level that cannot be compensated by improved efficiency of processes only.
Evonik sees efficiency increase as one of its core commitments as a reliable supplier to its business partners but for now this action has to be taken to sustain future business.
Prices will be adjusted as required and across the whole portfolio of products and services. Customers will be informed of the specific price increases by their account managers.
Evonik Catalysts is committed to keeping a superior level of service and customer support.
Please contact your sales representative for specific details.
Company information
Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €15 billion and an operating profit (adjusted EBITDA) of €2.38 billion in 2021. Evonik goes far beyond chemistry to create innovative, profitable and sustainable solutions for customers. About 33,000 employees work together for a common purpose: We want to improve life today and tomorrow.
About Smart Materials
The Smart Materials division includes businesses with innovative materials that enable resource-saving solutions and replace conventional materials. They are the smart answer to the major challenges of our time: environment, energy efficiency, urbanization, mobility and health. The Smart Materials division generated sales of €3.92 billion in 2021 with about 7,900 employees.
Disclaimer
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 AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.