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

The company will hike price of its Akulon and Novamid polyamide 6 polymers and compounds by $0.05/lb in North and South America and by €120/ton in Europe. The increase will take effect for all orders shipped on or after April 1, 2016 or where contracts allow, DSM said on its website.

“DSM continues to pursue and implement cost savings initiatives targeted at absorbing the impact of the raw material escalations, however, this additional increase is necessary to ensure DSM’s sustainable long-term position as leading supplier of engineering plastics,” the website said. (NA)