S. and Canada commodity grades will increase USD 0.06/lb. or CAD 134/mt (100% basis) - Export commodity grades will increase USD 132/mt (100% basis) Transportation and raw material costs are rapidly increasing.Strong export and domestic demand is driving capacity utilization of plant and transportation assets to extremely high levels.
Solvay Chemicals will maintain the current energy surcharge program. This program remains in place as long as the NYMEX Henry Hub price for natural gas is above $5.00/MMBTU.
Solvay Chemicals, Inc. is part of the Solvay Group, an international chemical and pharmaceutical Group with headquarters in Brussels, Belgium, whose companies employ some 28,000 people in 50 countries. In 2007, the Solvay Group’s consolidated sales amounted to EUR 9.6 billion, generated by its three sectors of activity: Chemicals, Plastics and Pharmaceuticals (NYSE Euronext: SOLB.BE – Bloomberg: SOLB.BB – Reuters: SOLBt.BR).Solvay is listed on the NYSE Euronext stock exchange in Brussels. Details are available at www.solvay.com