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2006-03-09 News Headlines

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Rhodia increases chemicals engineering plastics prices

Specialty chemicals company Rhodia announces a worldwide price increase for its STABAMID Polyamide resins and salt and TECHNYL Polyamide PA6 and PA 6,6 plastics compounds.

Rhodia Polyamide announces a worldwide 120€ per ton price increase for its STABAMID* Polyamide resins and salt and TECHNYL* Polyamide PA6 and PA 6,6 compounds effective immediately.

On top of high global demand, raw material, energy and transportation costs continue to increase significantly. “This trend will persist, therefore a price increase for our resins and intermediates becomes inevitable”, explains Gilles Grenier Vice-President Intermediates and Polymers of Rhodia Polyamide.

“Should the industry continue to be exposed to rising energy costs over the next few months further price increases cannot be ruled out,” concluded Jean Claude Steinmetz, Vice-President Engineering Plastics of Rhodia Polyamide.

* STABAMID and TECHNYL are registered trademarks of Rhodia.

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 Performance Materials, Functional Chemicals and the Organics and Services clusters. Partnering with major players in the automotive, electronics, pharmaceuticals, agrochemicals, consumer care, tires, and paints and 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 sales of €5 billion in 2005 and employs around 19,500 people worldwide. Rhodia is listed on the Paris and New York stock exchanges.

Read the most current press release from Rhodia concerning other price increases. 'To counterbalance steep rise in energy and raw material costs, Rhodia Polyamide Engineering Plastics announces price increase for Adipic Acid.'

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