22 Mar 2004
Rhodia Polyamide Announces Price Increases for Polyamide 6 and 66 Resins and Compounds
St. Fons, France, March 22, 2004 – Rhodia Polyamide announced price increases of € 130 per metric ton for PA 66 base resins in Europe. At the same time, prices of Rhodia’s Technyl® polyamide 6 and 66 compounds will be increased by € 200 per metric ton in that region. These increases are effective as of March 29th, 2004.
The price increase is required to help respond to the continuously rising cost of energy and raw materials, and to the significant erosion of margins at a time when the global polyamide demand is strengthening worldwide.
Rhodia has worked proactively to improve productivity, reduce manufacturing and operating cost over the past years and will continue to sustain these efforts while operating according to highest industry standards and promoting sustainable development. However, under the current circumstances, these efforts are inadequate to overcome the cost pressures.
Reader enquiries
Rhodia Engineering Plastics
Avenue Ramboz
F-69192 Saint-Fons Cedex
France
Notes for editors
Rhodia Polyamide, headquartered in Lyon, France, is the second largest polyamide producer worldwide. The company provides a wide range of innovative solutions in four main businesses: polyamide intermediates, engineering plastics, high tenacity yarns and fibers for industrial and textile applications.
Rhodia is one of the world’s leading manufacturers of specialty chemicals. Providing a wide range of innovative products and services to the consumer care, food, industrial care, pharmaceuticals, agrochemicals, automotive, electronics and fibers markets, Rhodia offers its customers tailor-made solutions based on the cross-fertilization of technologies, people and expertise. Rhodia subscribes to the principles of Sustainable Development communicating its commitments and performance openly with stakeholders. Rhodia generated net sales of €5.5 billion in 2003 and employs 23,000 people worldwide. Rhodia is listed on the Paris and New York stock exchanges.
Editorial enquiries
Christine Bourguignon
Rhodia Engineering Plastics
christine.bourguignon@eu.rhodia.com
Alan Flower
EMG