Rhodia Polyamide Announces Further Price Increases for Polyamide Resins, Fibers and Compounds
St. Fons, France, November 24th, 2004 – Rhodia Polyamide announces a price increase of
euros 200 per metric ton for Rhodia’s PA 6.6 based resins, Performance Fibers and Technyl® polyamide compounds in Europe. This increase is effective as of January 1st, 2005.
This price increase is required to help absorb unprecedented rising costs in transport, energy and raw materials, in particular benzene, butadiene and caprolactam. Additional price increases might be necessary in the next months to compensate the continuous erosion of margins at a time when the global polyamide demand is strengthening worldwide, and the industry capacity is very tight.
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 fibres 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 euros5.5 billion in 2003 and employs 23,000 people worldwide. Rhodia is listed on the Paris and New York stock exchanges.
For media inquiries, please contact:
Christine Bourguignon : +33 4 72 89 27 53. E-mail: christine.bourguignon@eu.rhodia.com
Alan Flower – + 31 164 317 012 E-mail: aflower@emg.nl
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