MOSCOW (MRC) -- BASF has increased the prices of the following polyalcohols with immediate effect or as existing contracts permit in Europe: neopentylglycol, trimethylolpropane and 1,6-Hexanediol, said the producer on its site.
The prices increase will be, as stated below:
- Neopentylglycol (NPG) - by EUR80/mt;
- Trimethylolpropane (TMP) - by EUR80/mt;
- 1,6-Hexanediol (HDO) - by EUR100/mt.
Neopentylglycol (NPG) is a high-quality intermediate used, for example, to produce polyester resins for coatings, unsaturated polyester resins, lubricants and plasticizers.
Trimethylolpropane (TMP) is a high-quality intermediate that is used primarily for the production of alkyd resins, which are used in paints and coatings. It also serves to produce lubricants.
1,6-Hexanediol (HDO) is used 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.
As MRC reported earlier, in April 2016, BASF celebrated the inauguration of its new facilities for the production of Ucrete in Bukit Raja, Klang/Malaysia. It is the first manufacturing hub in Asia Pacific to produce all components of Ucrete polyurethane concrete flooring system in Asia Pacific. BASF has a similar plant in the United Kingdom.
BASF is the largest diversified chemical company in the world and is headquartered in Ludwigshafen, Germany. BASF produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries. BASF generated sales of more than EUR70 billion in 2015.
MRC