MOSCOW (MRC) -- Predominantly driven by raw material price developments, the Evonik segment Performance Materials increases the price for VISIOMER MMA (methyl methacrylate) and VISIOMER GMAA (methacrylic acid) in Europe effective February 1, 2017.
As far as permissible under existing agreements, the increase will amount EUR80 per ton.
As MRC informed earlier, Evonik Resource Efficiency will invest in a capacity expansion of its performance foams business at its production site in Darmstadt, Germany. The investment will increase the output of the facility by about 20% as a first step. The Group will be adding production equipment to its operations complex that manufactures products marketed under the Rohacell brand. The expanded production capacity is expected to be operational by the second half of 2017.
Overall, Evonik Industries invested over EUR400 mln in its plants in Germany in 2015.
Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms. Evonik is active in over 100 countries around the world.
MRC