Evonik to hike price of its L-threonine additive

By Jane Byrne contact

- Last updated on GMT

© istock.com
© istock.com

Related tags: Amino acid

German chemical group Evonik is raising the price of its L-threonine 98.5% feed grade product, ThreAMINO.

The price will rise by up to 15% per kilogram of the additive, said the amino acid producer.

The increase is to take effect immediately.

The company, however, said existing contracts and supply agreements for the feed additive would be honored. 

It did not reveal the factors behind the price hike.

In releasing its financial results for Q4 and the full year 2015 last week, Evonik predicted adjusted earnings for this year could dip by as much as 19%, with CEO, Klaus Engel, citing uncertainty over economic growth in China and Brazil and elsewhere.

“Growth rates in the US are being questioned more and more,”​ he added.

Engel said the expectation was that adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for Evonik in 2016 would be in and around the €2bn to €2.2bn mark, down from €2.47bn in 2015.

Related news

Show more

Related products

show more

Stodi & Gut Immunity a Dominant Relationship

Stodi & Gut Immunity a Dominant Relationship

Natural Remedies | 11-Feb-2019 | Application Note

STODI® is a polyherbal gut-enhancing anti-diarrhoeal formulation consisting of an effective combination of ellagitannins, andrographilides, punicalgins...

Rumen acidosis in the context of precision farming

Rumen acidosis in the context of precision farming

Lallemand Animal Nutrition | 07-Nov-2018 | Technical / White Paper

Rumen acidosis is recognized by nutritionists and livestock producers as a major nutritional disorder with many consequences on cattle health and performance....

Effects of GroPro in piglet diets - SDPP replacement

Effects of GroPro in piglet diets - SDPP replacement

Angel Yeast Co., Ltd. | 01-Oct-2018 | Technical / White Paper

The use of sprayed dried plasma protein is commonplace in piglet diets worldwide, but an alternative is available in the form of functional yeast - GroPro....

Related suppliers

Follow us

Products

View more

Webinars