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BASF increases prices of additives for plastics applications

(PresseBox) (Hong Kong , ) Effective today, or as contracts allow, BASF is increasing the prices by 10 percent globally for a majority of products in its additives portfolio for plastic applications.

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.

BASF AG

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 114,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of about €58 billion in 2016. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.