Solvay has announced global price increases for its polyamide Technyl compounds and Stabamid resins as well as upstream intermediates brands Rhodiacid (adipic acid) and Rhodiamin (HDMA).
‘The dramatic rise of raw materials costs is affecting the entire polyamide (nylon) value chain,’ the company said in a press release. As a direct consequence, Solvay is increasing its pricing levels by €300/tonne, or the equivalent in other currencies, for all product lines worldwide.
‘Despite considerable efforts to leverage best-practice operational excellence to offset cost pressures since mid-2016, we are now compelled to increase price levels globally to remain a reliable and long-term partner for our customers,’ said Vincent Kamel, president of Solvay Performance Polyamides.
This story is reprinted from material from Solvay, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.