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BASF increases prices of additives for plastics applications

March 17/2017

MOSCOW (MRC) Ц Effective 15 March, or as contracts allow, BASF is increasing the prices by 10% globally for a majority of products in its additives portfolio for plastic applications, as per the company's press release.

Price increases will apply to the following product classes: antioxidants, light stabilizers, flame retardants and other plastic additives.

The price adjustment is in response to increasing raw material costs.

As MRC informed before, wiithin the next five years, BASF SE plans to invest globally more than EUR200 million in its plastic additives business, approximately half of which in Asia, focusing on capacity expansions and operational excellence.

Plastic additives improve product properties such as scratch resistance or light stability, and optimize plastics manufacturing processes. As the leading global supplier of plastic additives with manufacturing assets in all regions, BASF is a major partner to the plastics industry.

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 about EUR58 billion in 2016.
Author:Margaret Volkova
Tags:PP, PE, adhesives, construction, BASF.
Category:General News
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