Pharma Industry
Industry: Email Alert RSS FeedRhodia urges price initiatives for long-term health and viability. (News).
Chemical Market Reporter, March, 2003 by Chang, Joseph
WITH STAGGERING raw material bills besieging the global specialty chemicals industry, Rhodia has taken a front line position in expressing the industry's urgent need to implement price increases for its long-term health and viability. "The present situation is not sustainable in the long run," said Rhodia chairman and chief executive JeanPierre Tirouflet in an exclusive interview with CMR.
"If this situation lasts, it will result in a contraction in capacity and eventually a very sharp rise in prices in the coming years." While the price of crude oil has backed off to the low $30 per barrel range after approaching $40 just weeks ago, Mr. Tirouflet notes that the prices of other oil and natural gas based raw materials are still on the rise. "The...
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