IHS Chemical Week

Economics :: Prices

High Tin Metal Costs Push Up Evonik’s Tin Catalyst Prices

9:59 AM MDT | October 30, 2007 | Chemical Week Editorial Staff

The polyurethane (PU) additives business of Goldschmidt Chemical, a subsidiary of Evonik Degussa, says it will increase prices for tin catalysts by 15%, effective December 1 or as contracts permit. The company cites rapidly rising costs of tin metals. “Despite our best efforts to control production expenses, we cannot continue to absorb these ever-escalating costs,” says Reinhold Brand, Goldschmidt Chemical president and general manager/North America Care & Surface Specialties business unit. “We have done as much as we can to mitigate the...

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