Industry News

BASF to Increase Prices for Polyurethane Chemicals in North America

Published on 2004-11-08. Author : SpecialChem

WYANDOTTE, Mich., -- BASF will increase prices for diphenylmethane diisocyanate (MDI) and polyols, effective December 1, 2004, as follows:

  • Lupranate® MDI (Pure and Polymeric): $0.10 per pound
  • Pluracol® polyols: $0.10 per pound

"Demand has increased substantially over the past year, up about 20 percent for MDI and 10 percent for polyols, while capacities remain tight," said Larry Berkowski, Director of BASF's Urethane Chemicals business in North America.

Furthermore, costs continue to rise for many urethane chemical precursors, such as propylene, propylene oxide, chlorine, benzene and natural gas. We must raise prices to recover margins." Berkowski added that the business's supply allocation arrangements with customers will continue due to these conditions.

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 11,000 people in North America and had sales of approximately $9 billion in 2003.

BASF is the world's leading chemical company. Our goal is to grow profitably and further increase the value of our company. We help our customers to be more successful through intelligent system solutions and high-quality products. BASF's portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. Through new technologies we can tap into additional market opportunities. We conduct our business in accordance with the principles of sustainable development. In 2003, BASF had sales of approximately $42 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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