(BASF) -- Effective today, June 20, 2011, or as contracts allow, BASF will increase prices in Europe, Africa and Western Asia for polymer dispersions as well as additives by EUR 85 per metric ton and acrylic resins and redispersible powders by EUR 140 per metric ton. This price increase is necessary due to continuingly high costs of raw materials and freight.
The products affected by the price increase are used as polymers for adhesives, fiberbonding , architectural coatings and construction chemicals.
BASF is the world's leading chemical company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. BASF posted sales of about EUR 63.9 billion in 2010 and had approximately 109.000 employees as of the end of the year.