The price increase is €75-100 per ton, depending on product and resin chemistry.

The increase will take effect for all new deliveries after 1 July 2014.

"The price increase is driven by the continued increase in cost for our key raw materials, leaving us no choice but to raise the prices of our products," explains Fons Harbers, EMEAI Sales Director, DSM Composite Resins.

DSM Composite Resins, headquartered in Schaffhausen Switzerland, is a business unit of Dutch life and materials sciences company DSM.