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
The price adjustment is in response to increasing raw
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.
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.