Solutia (NYSE: SOA) announced that it will increase the price of all Ascend® and Panduit® brand polyamide 66 (PA66) resins by 10% on the global market. This price increase is for all Ascend® and Panduit® product families shipped on or after July 1, 2008.
PA66 is produced from oil, natural gas and other raw materials, and its cost price has risen to an unprecedented high this year. In addition, increasing global demand and soaring energy prices also have a great impact on transportation costs. In order to continue to provide quality products to meet the growing market demand, price increases are imperative.
As the world's leading manufacturer of nylon plastics and polymers, Solutia has been providing customers with high quality products, excellent customer service and world-class technical support. Solutia's Ascend and Vydyne Polyamide resins offer improved strength, durability and functionality in products such as automotive parts, electronics and consumer products.
PA66 is produced from oil, natural gas and other raw materials, and its cost price has risen to an unprecedented high this year. In addition, increasing global demand and soaring energy prices also have a great impact on transportation costs. In order to continue to provide quality products to meet the growing market demand, price increases are imperative.
As the world's leading manufacturer of nylon plastics and polymers, Solutia has been providing customers with high quality products, excellent customer service and world-class technical support. Solutia's Ascend and Vydyne Polyamide resins offer improved strength, durability and functionality in products such as automotive parts, electronics and consumer products.
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