12/08/2010

www.plasticker.de

DSM Engineering Plastics: Global price increase for Akulon PA compounds

DSM has announced its intention to increase prices for its Akulon® PA6 and PA66 compounds. This increase, which will be effective immediately, is to offset continued escalations in the costs of key raw materials.

While DSM Engineering Plastics continues to pursue and implement cost savings initiatives targeted at absorbing the impact of these raw material escalations, this increase is necessary to safeguard DSM Engineering Plastics' sustainable long-term growth. Due to strong demand in the China market, all regions are experiencing cost increases for flame retardants, glass and other key raw materials, with the strongest additional cost increases of up to $250/Ton being realized in Asia.

Richard Pieters, Global Business Director Akulon/Novamid, says: "DSM is strongly committed to innovation and growth. Therefore we must protect the sustainable position we have built in the compounded engineering thermoplastics market. Similar appropriate action has already been taken in our polymers and high viscous PA6 business and we feel that we have no choice but to implement this increase for compounds as well."

DSM will honor existing contracts and commitments and will apply these increases via its Regional Sales Organisations.