DSM Engineering Plastics announces prices increases for Akulon and Novamid PA

DSM Engineerging Plastics Europe has announced it will increase prices for its Akulon and Novamid PA6 and PA66 portfolios, due to unprecedented and continued escalations in key raw materials costs (such as benzene, caprolactam, glass fiber, flame retardants and others). Since the beginning of 2011, we have seen a number of significant raw material cost increases.

DSM remains committed to the continued implementation of cost-saving initiatives, however, escalating costs necessitate this additional increase to sustain DSM Engineering Plastics' position as an innovative and reliable supplier.

Increases in the range of 200 Eur/tonne have already been implemented with many customers throughout January and will be implemented further as contracts allow. These increases are on top of those that were already implemented during the last quarter of 2010.