Sao Paulo, March 3, 2014--- Solvay announces a price increase of 9% per ton in Latin America zone for most of its silica ranges of products, Zeosil®, Tixosil® and Tixolex® as of 3rd March or as contracts allow.
Labor inflation in Brazil, escalation of energy and transportation costs has created significant and continued cost pressures throughout the zone value chain. This price adjustment is necessary to continue to offset the continuing rise in production and distribution costs.
As an international chemical group, SOLVAY assists industries in finding and implementing ever more responsible and value-creating solutions. Solvay generates 90% of its net sales in activities where it is among the world's top three players. It serves many markets, varying from energy and the environment to automotive and aerospace or electricity and electronics, with one goal: to raise the performance of its clients and improve society's quality of life. The group is headquartered in Brussels, employs about 29,400 people in 56 countries and generated 9.9 billion euros in net sales in 2013. Solvay SA is listed as SOLB.BE on NYSE Euronext in Brussels and Paris (Bloomberg: SOLB:BB - Reuters: SOLB.BR).
