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DSM announces price increases for powder coating resins in EMEA

Zwolle, NL, 04 May 2011 02:00 CEST

Today DSM announced a price increase for powder coating resins for Europe, Middle East and Africa of between 0.10-0.15 Euro/kg, depending on product, effective for shipments on or after 15 May 2011 or as contracts allow.

DSM says, next to the impact of recent feedstock price hikes, other costs such as wages, energy and transport have increased. In addition DSM needs to improve margins now in order to make a step-up toward reinvestment levels.

Furthermore, as demand continues to far exceed DSM’s current manned capacity and resin feedstock remains tight and often short, DSM continues to prioritise the supply of the historic and regular business from its customers.