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BASF increases prices for Neopentylglycol in North America

Published on 2005-09-09. Author : SpecialChem

FLORHAM PARK, N.J. -- Effective September 1, 2005, or as allowed by contract, BASF has increased its list and off-list selling prices in the United States, Canada and Mexico for all grades of NEOL® Neopentylglycol by $0.05 per pound.

This action is necessary to address continued increases in raw material, energy and logistics costs.

In addition, BASF will continue the 100 percent sales control measures for these products that the company initiated in June 2004. All customer monthly volumes will be limited to the average of the previous 12 months' purchases in terms of volume unless otherwise provided by contract.

NEOL is a registered trademark of BASF Aktiengesellschaft.

BASF - The Chemical Company. We don't make a lot of the products you buy. We make a lot of the products you buy better.®

BASF Corporation, headquartered in New Jersey, is the North American affiliate of BASF AG, Ludwigshafen, Germany. We employ about 10,000 people in North America and had sales of approximately $11 billion in 2004.

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 intelligent solutions and high-value products help its customers to be more successful. BASF develops new technologies and uses them to open up additional market opportunities. It combines economic success with environmental protection and social responsibility, thus contributing to a better future. In 2004, BASF had approximately 82,000 employees and posted sales of more than $50 billion. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA), New York (BF), Paris (BA) and Zurich (AN).

Source: BASF

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