Rhodia Polyamide Announces Price Increase for Adipic Acid
January 10 , 2006
LYON -- Rhodia Polyamide has announced a price increase for its STABAMID® Polyamide 66, effective immediately. STABAMID® prices will rise in Europe by 100 ˆ / MT and in Asia by 120 USD / MT. This necessary price adjustment results from the unprecedented high level of costs for energy, particularly gas, as well as for raw materials such as Benzene, Cyclohexane and Ammoniac.
"Rhodia Polyamide is among the industry's pioneers in its approach to sustainable development. It proactively strives to reduce energy consumption while consistently maintaining the highest industry standards," says Gilles Grenier, vice-president, Rhodia Polyamide. "However, given the economic climate, this effort alone is not sufficient to overcome the current, persistent, energy, raw material and transport cost pressures."
This present decision falls in line with the pricing policy led by Rhodia for over a year, across all its activities, in order to compensate for the recurring rise in raw materials and energy and transport costs.
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 fibers 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 ˆ5.3 billion in 2004 and employs 20,000 people worldwide. Rhodia is listed on the Paris and New York stock exchanges.
