27 Mar 2008
DSM INCREASES PRICES OF AKULON® PA6 AND PA66 COMPOUNDS AND POLYMERS
DSM Engineering Plastics has announced a price increase for its’ Akulon® polyamide polymers and compounds in Europe, effective April 1st, or as contracts permit, for all shipments.
The specific increases are as follows:
• Akulon PA6 compounds €80/t
• Akulon PA6 film €100/t
• Akulon PA66 all €100/t
These increases are similar to those already announced by DSM Engineering Plastics Americas. In Asia Pacific, price increases will also be implemented, taking into consideration the inflatory effects of the US Dollar on raw material prices .
Richard Pieters, Global Business Manager at DSM Engineering Plastics said: "For some time now, we have experienced a steady increase in the cost of petrochemical raw materials, transportation and energy. These could no longer be offset by increasing productivity. Mr. Pieters added: "DSM EP is faced with the additional effect of rising cost for chemicals used for Caprolactam, our key feedstock for Polyamide. This is caused by exceptional high prices for ammonia and sulfur, besides rising gas prices. We can no longer avoid raising our prices. At the same time, we will continue to fund investments in innovations, new products and new technology development for our customers - as we set out to retain our position as a sustainable partner within the performance materials industry."
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Notes for editors
DSM Engineering Plastics
DSM Engineering Plastics is a Business Group in the performance materials cluster of DSM, with sales in 2007 of EUR 1068 million (which number includes the sales of DSM Dyneema) and approximately 1500 employees worldwide. It is one of the world's leading suppliers of engineering thermoplastics offering a broad portfolio of high performance products including Stanyl® high performance polyamide and Akulon® 6 and 66 polyamides, Arnitel® TPE-E, Arnite® PBT and PET polyesters, Xantar® polycarbonate, Yparex® extrudable adhesive resins. These materials are used in technical components for electrical appliances, electronic equipment and cars, in barrier packaging films as well as in many mechanical and extrusion applications. With Stanyl®, it is the global market leader in high heat polyamides.
DSM – the Life Sciences and Materials Sciences Company
DSM creates innovative products and services in Life Sciences and Materials Sciences , that contribute to the quality of life. DSM’s products and services are used globally in a wide range of markets and applications, supporting a healthier, more sustainable and more enjoyable way of life. End markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrics and electronics, life protection and housing. DSM has annual sales of almost EUR 8.8 billion and employs some 23,000 people worldwide. The company is headquartered in the Netherlands, with locations on five continents. DSM is listed on Euronext Amsterdam. More information on DSM can be found at www.dsm.com .
Akulon®, Arnite®, Arnitel®, Stanyl®, Xantar® and Yparex® are registered trademarks of Royal DSM N.V.
Editorial enquiries
Sandra Coolen
DSM Engineering Materials
Nancy van Heesewijk
EMG