Lyon, France – November 29, 2007 – Rhodia Polyamide announces a 150 to 200 €/MT price increase for its Polyamide 6 and 6.6 Technyl® compounds in Europe, Middle East and Africa, effective January 1st, 2008 - or as contracts allow - to help offset rising raw material, transport and energy costs.
Rhodia Polyamide strives continuously to counteract escalating costs with productivity programmes and other containment measures. However, the sustained magnitude of costs increases makes this price rise absolutely essential.
Rhodia Polyamide is Rhodia's fully integrated enterprise focusing on Polyamide 6.6. Its strategy rests on three pillars: a high worldwide competitiveness of intermediates & polymers along with strong development of the industrial footprint in fast growing regions; the strengthening of engineering plastics as a growth engine; and a focus on Asia and Brazil as priority regions for expansion beyond our European base. In South America, Rhodia Polyamide also holds strong positions in phenol and adiponitrile route, industrial yarns and fibers. For further details about Rhodia Polyamide visit the website at www.rhodia-polyamide.com.
Rhodia is an international chemical company resolutely committed to sustainable development. Leader in its businesses, the Group aims to improve its customers' performance through the pursuit of operational excellence and its ability to innovate. Structured around seven Enterprises, Rhodia is the partner of major players in the automotive, tire, electronics, perfume, health and beauty and home care markets. The Group employs around 16,000 people worldwide and generated sales of €4.8 billion in 2006. Rhodia is listed on Euronext Paris.
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