DSM to increase prices for Acrylic, Alkyd resins and Amino-crosslinking resins in EMEA.
Ongoing and significant increasing costs of critical raw materials like MMA, solvents and natural oils necessitate these price increases. This is in large part down to supply-demand imbalances caused by structural capacity constraints as well as high upstream commodity prices.
“We have been absorbing these increases for some time now, meaning that margins at these products have declined to unsustainably low levels. To ensure we can continue focusing on adding value for customers by delivering innovations and supply capabilities for the technologies of the future, we have to take the necessary actions.” said Pascal de Sain, Managing Director Specialty Resins, DSM Coating Resins.