26 Mar 2010
DSM ENGINEERING PLASTICS ANNOUNCES PRICE INCREASES ON AKULON PA6 AND PA66 ENGINEERING THERMOPLASTIC COMPOUNDS
As a result of continued escalations in the costs of key raw materials, DSM Engineering Plastics will increase prices on a global basis for its Akulon PA6 and PA66 Compounds.
Effective 1 April 2010, DSM will increase prices by €250/t in Europe and Asia Pacific Regions, and will increase prices by $0.12/lb in North America.
While DSM Engineering Plastics continues to pursue and implement cost savings initiatives targeted at absorbing the impact of the raw material escalations, this additional increase is necessary to ensure DSM Engineering Plastics’ sustainable long-term growth.
Richard Pieters, Global Business Director Akulon, 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 also implement this increase for compounds.”
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Notes for editors
DSM Engineering Plastics
DSM Engineering Plastics is one of the world's leading suppliers of quality engineering thermoplastics providing customer value through sustainable solutions that reflect the DSM People, Planet and Profit strategy. DSM Engineering Plastics delivers innovative opportunities for customers who design or produce electrical applications, electronic equipment, cars, barrier packaging films as well as many mechanical and extrusion applications. These markets are served with a broad portfolio of high performance materials including Akulon® 6 and 66 polyamides, Arnitel® TPC, Arnite® PBT and PET polyesters, Yparex® extrudable adhesive resins, and Stanyl® high heat 46 polyamides. Most recently, DSM Engineering Plastics has introduced the first new polymer of the 21st century: Stanyl® ForTii™ and EcoPaXX™, a bio-based, high performance engineering plastic. DSM Engineering Plastics had sales in 2009 of EUR 648 million and employs some 1600 people worldwide More on: www.dsmep.com.
DSM – the Life Sciences and Materials Sciences Company
Royal DSM N.V. creates solutions that nourish, protect and improve performance. Its end markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrical and electronics, life protection and housing. DSM manages its business with a focus on the triple bottom line of economic prosperity, environmental quality and social equity, which it pursues simultaneously and in parallel. DSM has annual net sales of about € 8 billion and employs some 22,700 people worldwide. The company is headquartered in the Netherlands, with locations on five continents. DSM is listed on Euronext Amsterdam. More information: www.dsm.com
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Akulon®, Arnite®, Arnitel®, EcoPaxx™, Stanyl®, Stanyl® ForTii™, and Yparex® are registered trademarks of Royal DSM N.V.
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