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Evonik Increases Prices of VESTAGON

28 Aug 2008 - Evonik Industries’ Coatings & Additives Business Unit announces a price increase for all VESTAGON PUR related powder coatings products in Europe, Asia, Australia/New Zealand, Near/Middle East, Africa and South America by 8%, effective October 1st, 2008.
 
This increase includes all standard crosslinkers, matte polyurethane products as well as the newest crosslinking system developed for low-temperature cure. Relentlessly rising costs of raw materials, energy, labour and logistics have made this decision unavoidable, despite all efforts to further enhance productivity and cost reduction, according to the company.