(DSM) -- Because of continual increases in the cost of key raw materials, DSM Engineering Plastics will increase prices by at least 10% for their Arnitel and Arnite products. This will be effective from 1 November 2011 and apply on a global basis.
While DSM Engineering Plastics continues to pursue and implement cost saving initiatives, targeted at absorbing the impact of the raw material price changes, this additional increase is necessary to ensure the sustainable long-term growth of the company.
Ute Schick, Global Business Director Arnitel & Arnite, says: ⌠Within the strategy of DSM Engineering Plastics we are strongly committed to Innovation and Sustainability. We will continue to work in close partnership with our customers and be different because of new and greener products. DSM is passionate about playing a leading role in the change from a fossil fuel dependent economy to a more sustainable, bio-based one. An example of this is Arnitel ECO which is a unique addition to our Arnitel TPE family.