DSM Announces Akulon and Novamid Polyamide 6 Polymer Price Increases
SINGAPORE - As a result of increasing raw material prices, DSM announced it will increase the price for its Akulon® and Novamid® polyamide 6 polymers. DSM will increase prices by €120/t in Europe, and by $0.10/lb in North and South America. These increases will take effect for all orders shipped on or after August 1, 2014, where contracts allow.
DSM announced that while it 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 the company’s sustainable long-term position as leading supplier of engineering plastics.