BASF increases prices for additives and pigments for plastic applications
BASF increases prices globally for antioxidants and process stabilizers for plastic applications up to 15 percent, in selected cases up to 25 percent and for selected products across the portfolio of additives and pigments for plastic applications up to 25 percent.
- (1888PressRelease) June 02, 2011 - New prices are effective for deliveries starting today or as contracts allow. These price increases are applied in addition to the prior announced December and February increases.
These price increases are necessary to cover further significant increase in raw material cost, mainly fatty alcohols, methyl acrylate and phenols as well as increases in other raw materials.
BASF is committed to the plastic additives business. However, the past and future expected raw material cost escalations and volatility combined with current profitability levels require an increase in prices to sustain BASF’s ability to invest.
BASF, as a leading supplier for plastic additives, intends to secure future product availability, supply reliability, continuity in quality, service and innovation to best meet our customers’ needs and market conditions.
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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