Industry News

BASF announces price increase on MDI and TDI products in North America

Published on 2007-05-02. Author : SpecialChem

FLORHAM PARK, N.J. -- BASF announced it would increase prices on its toluene diisocyanate (TDI) and methylene diphenyl diisocyanate (MDI) products in North America effective June 1, 2007.

TDI product pricing will increase 10 cents per pound due to raw material cost increases and a very tight supply and demand situation in the global market. MDI product pricing will increase 5 cents per pound, with the exception of Lupranate MI-containing products, which are increasing 10 cents per pound due to strong demand and the continuously escalating cost of key raw materials.

BASF Corporation, headquartered in New Jersey, is the North American affiliate of BASF AG, Ludwigshafen, Germany. BASF employs more than 15,500 in North America and had sales of approximately $14.3 billion in 2006.

BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. As a reliable partner to virtually all industries, BASF's high-value products and intelligent system solutions help its customers to be more successful.

BASF develops new technologies and uses them to meet the challenges of the future and open up additional market opportunities. It combines economic success with environmental protection and social responsibility, thus contributing to a better future. BASF has approximately 95,000 employees and posted sales of €52.6 billion (approximately $66.1 billion) in 2006.

Source: BASF

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