As a result of increasing raw material prices DSM will increase the price for its Akulon® and Novamid® polyamide 6 polymers and compounds. DSM will increase prices in Europe by € 120/t for polyamide polymer, and by € 85/t for polyamide compounds. These increases will take effect for all orders shipped on or after April 1, 2016 where contracts allow.
While DSM 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’s sustainable long-term position as leading supplier of engineering plastics.
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Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in life sciences and materials sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders simultaneously. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM and its associated companies deliver annual net sales of about €10 billion with approximately 25,000 employees. The company is listed on Euronext Amsterdam. More information can be found at www.dsm.com.