Marl/Germany (Degussa) – The High Performance Polymers (HP) business unit of Degussa GmbH has announced price increases for its Vestamid, Vestosint, Vestamelt, Trogamid, and Vestenamer product lines. Product prices will increase by 8 percent on average, depending on product type and region. Customers will be informed of specific price increases by their HP customer service representatives. The price increases will take effect from September 1, 2007.
Prices of C8 and C12 monomers will increase by 18 percent at the same time. Prior commitments and existing contracts will be honored, and are not affected by the price increases.
Degussa continually optimizes its costs along the entire value chain. Over the last few months, however, prices for raw materials and transportation have risen to such levels that the increases can no longer be offset by increasing process efficiency.
The High Performance Polymers Business Unit focuses on the production of customized products, semi-finished products, and systems based on high-performance polymers. It currently employs more than 1,000 people in Marl and at the production sites of Darmstadt, Witten (both in Germany), Lenzing (Austria), Magnolia (USA), Aboshi (Japan), and Changchun (China). It also has access to a worldwide sales and marketing network that includes the hubs of Marl, Shanghai, and Parsippany.

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