27 Sept 2005
Rhodia Polyamide announces global price increase for Adipic Acid to address unprecedented energy costs and persistent high raw material prices
Lyon, France, September 27, 2005 – Rhodia Polyamide announces a global price rise for Adipic Acid effective October 1st, 2005 or as contracts will allow. Prices will increase by US$125 / MT in North America, South America and Asia, €100 / MT in Europe and 15 yen/kg in Japan.
Energy and transport costs are dramatically and structurally increasing. Whatever the impact of recent events, the underlying upward trends are to be sustained in time and this price increase reflects this reality.
Rhodia has worked proactively to reduce energy consumption 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 energy and transport cost pressures. Additional price increases may be necessary over the next few months to compensate for further increases in raw material, energy and transport costs.
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Rhodia Engineering Plastics
Avenue Ramboz
F-69192 Saint-Fons Cedex
France
Notes for editors
Rhodia Polyamide, headquartered in Lyon, France, is a major player in polyamide production worldwide. The company provides a wide range of innovative solutions in four main businesses: polyamide intermediates, engineering plastics 6.6 and 6 based, high tenacity yarns and fibres for industrial and textile applications.
Rhodia is a global specialty chemicals company recognized for its strong technology positions in applications chemistry, specialty materials & services and fine chemicals. Partnering with major players in the automotive, electronics, fibers, pharmaceuticals, agrochemicals, consumer care, tires and paints & coatings markets, Rhodia offers tailor-made solutions combining original molecules and technologies to respond to customers’ needs. Rhodia subscribes to the principles of Sustainable Development communicating its commitments and performance openly with stakeholders. Rhodia generated net sales of €5.3 billion in 2004 and employs 20,000 people worldwide. Rhodia is listed on the Paris and New York stock exchanges. For further details about the Group, visit Rhodia’s website at : www.rhodia.com
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Alan Flower
EMG
Jérôme Pisani
Rhodia Engineering Plastics