7 Dec 2010
DSM ENGINEERGING PLASTICS ANNOUNCES 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.
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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® and Novamid® 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 has expanded her portfolio with two bio-based, high performance engineering plastics, EcoPaXX™ and Arnitel® Eco. 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 performance, environmental quality and social responsibility, 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™, Novamid® and Yparex® are registered trademarks of Royal DSM N.V.
Editorial enquiries
Mirelle van der Kreeft
DSM
Nancy van Heesewijk
EMG