BASF increases prices for additives and pigments for plastic applications
Effective today, or as contracts allow, BASF increases prices globally for additives and pigments for plastic applications by a minimum of 7-25% depending on product class.
- (1888PressRelease) December 22, 2010 - As the leading supplier for plastic additives, BASF intends to secure future product availability, supply reliability, continuity in quality, service and innovation to best meet our customers’ needs. BASF is committed to the plastic additives business, but current profitability levels are not sufficient to ensure BASF’s ability to invest and further support our customers’ growth, also due to increasing raw material prices.
Price increases will mainly apply to the following product classes:
* Antioxidants and process stabilizers
* Light stabilizers
* Flame retardants
* Pigments
About Plastic Additives
BASF is a leading manufacturer, supplier and innovation partner of additives and pigments for the plastics industry such as light stabilizers, antioxidants, process stabilizers, flame retardants, polymer modifiers, and organic and inorganic pigments.
About BASF
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals as well as oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €50 billion in 2009 and had approximately 105,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.
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