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BASF to increase prices for construction chemicals across Europe

May 17/2017

MOSCOW (MRC) -- BASFs Construction Chemicals division increased prices across Europe during the first quarter of 2017, resulting in effective prices 2-3% above prior year, as per the company's press release.

The price increase was necessary to continue to provide customers with high quality products and high levels of service in an environment of rising personnel and raw material cost. As of May 15, 2017, BASF will implement a further 4-7% price increase on all project-based price quotations and expiring contracts. All contractual obligations towards customers will be fulfilled.

As MRC reported earlier, in May 2016, BASF announced that its Construction Chemicals division had started production of waterproofing solutions from the MasterSeal solutions range at its plant located in Bolshoe Tolbino, Podolsk District, Russia. BASF thus extends its portfolio of Master Builders Solutions in Russia and enhances the supply network for regional markets and customers.

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.


mrcplast.com
Author:Margaret Volkova
Tags:adhesives, construction, BASF, Germany, Russia.
Category:General News
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