Lyon, France -- Rhodia Organics will raise the price of its hexamethylene diisocyanate (HDI) and isophorone diisocyanate (IPDI) monomers by between five and seven percent on 1 Oct.
"The price increase is required to help respond to the continuously rising cost of energy and raw materials, and to the significant erosion of margins at a time when the global aliphatic isocyanates demand is strengthening worldwide," the French chemical producer said in a statement.
"Rhodia has worked proactively to improve productivity, reduce manufacturing and operating cost over the past years and will continue to sustain these efforts while operating according to highest industry standards and promoting sustainable development. However, under the current circumstances, these efforts are inadequate to overcome the cost pressures," the statement added.
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