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(DSM) -- DSM Engineering Plastics 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.
“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,” said Richard Pieters, Global Business
Director Akulon/Novamid.
mrcplast.com
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