BASF increases prices of antioxidants and process stabilizers for plastic applications
Effective today, or as contracts allow, BASF increases prices globally of antioxidants and process stabilizers for plastic applications by 5-10%, depending on the product. These increases are in addition to the increases announced in December.
- (1888PressRelease) March 02, 2011 - The price increase is necessary due to a significant increase in prices of major raw materials such as stearyl and lauryl alcohol, phenols, and methyl acrylate which are driven by feedstock price developments in the benzene, propylene, palm kernel oil markets.
BASF is committed to the plastic additives business. However, the recent and anticipated 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 the 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, performance products and agricultural products to 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 about €63.9 billion in 2010 and had approximately 109,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).
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