11 Jun 2004
Rhodia Polyamide Announces Further Price Increases for Polyamide 6.6 in Europe
St. Fons, France, June 10, 2004 – Rhodia Polyamide announced a price increase of €100 per metric ton for PA 66 base resins in Europe. Prices of PA 66 compounds will also be increased accordingly. These increases will be effective as of June 14th, 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. The sharp increase of benzene over the last months has dramatically worsened the situation.
Rhodia has worked proactively to improve productivity, reduce manufacturing and operating costs 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 not sufficient 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