WYANDOTTE, MI, March 11, 2008 -- BASF will increase prices in its engineering resins product line in North America, effective
March 24, 2008, or as contracts permit, for all shipments.
The specific increases for North America are as follows:
- Ultramid® PA6 and PA66 nylon resins*: $0.15/lb
- Nypel® recycled PA6 nylon resins: $0.15/lb
- Ultradur® PBT resins*: $0.10/lb
“For a very long time we have been pressured with petrochemical raw material price escalation at unprecedented rates, said Joseph Keine, director of Sales, Engineering Plastics, at BASF. “This year, a fundamental shift in agricultural chemicals, such as ammonia and sulfur, has compounded pricing structures. BASF remains committed to the plastics industry and our focus is on long-term sustainable growth. We continue to develop our product portfolio ensuring our customers the best material and design solutions specifically suited for their applications,” continued Keine.
* This includes all grades previously known as Capron®, Celanese®, Latamid®, Later®, Latiblend®, Latilub®, Toramid®, Kelon®, Lastil®, or Latan®.
About BASF Corporation
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 15,000 employees in North America, and had sales of approximately $16.4 billion in 2007. For more information about BASF’s North American operations, or to sign up to receive news releases by e-mail, visit www.basf.com/usa.
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from oil and gas to chemicals, plastics, performance products, agricultural products and fine chemicals. As a reliable partner, BASF helps its customers in virtually all industries to be more successful.
With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges, such as climate protection, energy efficiency, nutrition and mobility. BASF has more than 95,000 employees and posted sales of almost €58 billion in 2007. Further information on BASF is available on the Internet at www.basf.com.
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