2 Feb 2011
DSM ENGINEERGING 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.
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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.
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Mirelle van der Kreeft
DSM
Nancy van Heesewijk
EMG