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BASF increases prices for additives and pigments

December 22/2010

(Plastics Today) -- Plastics, additives and chemicals suppliers BASF plans to increase its prices for its additives and pigments sold into the plastics industry. The cost hikes are global in effect and will be "a minimum of 7-25%,", reports the company.


Actual price hikes will vary by product and take effect today (Dec. 22) or as contracts allow. BASF (Ludwigshafen, Germany) says the increases will help it to secure future product availability, supply reliability, continuity in quality, service and innovation. In a release the company wrote, "BASF is committed to the plastic additives business, but current profitability levels are not sufficient to ensure BASF's ability to invest and further support our customers' growth, also due to increasing raw material prices."


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BASF increases prices for additives and pigments
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