The price increase is global and will come into effect by 15 May 2009, or at the earliest time possible, depending on existing individual contracts.

The company says the increase is a result of feedstock developments of styrene amongst other raw materials.

“This increase will allow DSM to continue its customer focus as well as its strategic commitment to innovation and sustainability,” says Michael Effing, President of DSM Composite Resins.

DSM Composite Resins is part of DSM Resins, a group within DSM's Performance Materials cluster.