As a result of increasing raw material prices, Netherlands based DSM said it will increase the price for its Akulon and Novamid polyamide 6 polymers in the Americas.

According to a DSM press release, the company will hike by $0.05/lb in North and South America and will take effect for all orders shipped on or after June 1, 2015 or where contracts allow.

“DSM continues to pursue and implement cost savings initiatives targeted at absorbing the impact of the raw material escalations,” it said.

“However, this additional increase is necessary to ensure DSM’s sustainable long-term position as leading supplier of engineering plastics,” DSM added.

Royal DSM is a global science-based company active in health, nutrition and materials and by connecting its unique competences, drives environmental progress and social advances to create sustainable value.

DSM delivers innovative solutions that improve performance in areas such as personal care, medical devices, electrical and electronics, life protection, alternative energy and bio-based materials.

DSM and its associated companies reported sales of about €10 billion and together have approximately 25,000 employees on its rolls. (AR)