Industry News

BASF to increase prices for coatings resins

Published on 2007-09-04. Author : SpecialChem

Effective immediately, BASF will increase prices in Europe for coatings resins by up to 15 %, depending on the product line, as existing contracts allow. Reasons are increased costs for raw materials, transportation, energy, packaging, services and engineering. The price increase affects the entire coatings resins portfolio. These resins are primarily used in the automotive, wood and industrial coatings markets.

BASF Performance Chemicals:

The product range of BASF's Performance Chemicals for Coatings, Plastics and Specialties business unit includes pigments, preparations and dyes, binders and crosslinkers, light stabilizers and process chemicals. Our products are manufactured and marketed worldwide. We are one of the world's leading suppliers in these fields.

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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