On June 30, 2008, Evonik Industries AG announced that its Inorganic Materials business unit is raising its specialty silica prices in Europe, Africa, Middle East and Latin America. The price increase of 15 percent will become effective on August 1st, 2008.
According to the press release, “Over the last few months, Evonik Degussa 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.”
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