MOSCOW (MRC) -- BASF has increased its prices for 1,6-hexanediol (HDO) in Europe with immediate effect or as contracts allow by EUR150/tonne, as per the company's statement.
The price adjustment will be done to reflect the increased operating, logistics as well as raw material costs and to assure highest levels of product and service quality to its customers.
BASF’s customers use HDO to manufacture industrial coatings including lower volatile organic compound formulations, polyurethanes, adhesives and cosmetics. HDO also serves as a reactive thinner in the formulation of epoxy systems which are used for the efficient production of rotor blades for modern wind turbines as well as construction components for automotive lightweight applications.
BASF operates HDO production facilities at its Verbund sites in Freeport, Texas, and Ludwigshafen, Germany, with an annual production capacity of more than 50,000 tons of HDO.
As MRC wrote before, in late June 2014, BASF has increased its European sales prices for Ethyleneamines (EEA). The price increase will be as follows: ethylenediamine (EDA) - by EUR50/tonne, diethylenetriamine (DETA) - EUR50/tonne or by the equivalent amounts in local currency.
Ethyleneamines are high-class intermediates used in the manufacture of crop protection agents and paper chemicals, surfactants for detergents and cleaning products, process chemicals for gas treatment, lubricants and cement additives as well as active pharmaceutical ingredients.
BASF is the world’s leading chemical company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. BASF had sales of about EUR74 billion in 2013 and over 112,000 employees as of the end of the year. BASF had sales of about EUR74 billion in 2013 and over 112,000 employees as of the end of the year.
MRC