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BASF to Increase Prices for Industrial Coatings in North America

Published on 2005-03-24. Author : SpecialChem

SOUTHFIELD, Mich.-- BASF will raise prices for all of its industrial coatings products by 6 percent, effective with all shipments made on or after May 1, 2005.

This increase will apply to customers in the United States, Canada and Mexico.

"The escalation of raw material costs during the fourth quarter of 2004 and into the first months of 2005 have made this increase necessary," said Thomas Hoenle, Director of BASF's Industrial Coatings business in North America. "BASF will continue to leverage our resources to lessen the impact of this increase on our customers."

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.(R) BASF Corporation, headquartered in New Jersey, is the North American affiliate of BASF AG, Ludwigshafen, Germany. Rated in FORTUNE magazine as America's Most Admired Chemical Company, 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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