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10th March 2017, Lyon

Solvay reports additional price increase for polyamide compounds and fibres

Solvay announces additional price increase for polyamide compounds and fibres to address continuing raw material cost escalation.In addition to the EUR 300/T price hike announced earlier this quarter, Solvay, a leader in polyamide-based performance materials, has reported a supplementary global price increase for PA6 and PA6.6 based compounds and fibres.

The strong and continuous rise in cost of major base-chemicals, some of which have nearly doubled since the end of the fourth quarter 2016, steers Solvay Performance Polyamides to adopt a second wave of price increases of EUR 300/T for the second quarter of 2017 for its PA6 and PA6.6 based products, worldwide.

An international chemical and advanced materials company, Solvay assists its customers in innovating, developing and delivering high-value, sustainable products and solutions, which are said to consume less energy and reduce CO2 emissions, optimise the use of resources and improve the quality of life.

The company serves diversified end markets, including automotive and aerospace, consumer goods and healthcare, energy and environment, electricity and electronics, building and construction, as well as industrial applications. Solvay is headquartered in Brussels with about 30,900 employees spread across 53 countries.

www.solvay.com

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