Arkema seeks Q2 polyamides price hike, eyes China plant
05 April 2005 17:11 [Source: ICIS news]
LONDON (CNI)--French chemcials firm Arkema announced Tuesday it would seek price increases for its specialty polyamides products in the second quarter, and was exploring construction of a plant in Changshu in Shanghai, China.
Arkema said in a statement that tight margins caused by higher raw materials and energy costs had led it to seek price increases for its Rilsan and Orgalloy products, especially for small volume grades and deliveries.
The firm added that it was examining prospects for producing its Rilsan specialty polyamide in Changshu due to strong sales growth in Asia. The firm is already producing other polyamides at the site.
No one was immediately available at the company to provide further information.
The vinyls to specialty chemcials company was spun-out from French energy conglomerate Total last year.
By: Patrick Reynolds
+44 208 652 3214
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