BASF seeks to raise North American product prices

04 March 2005 16:20  [Source: ICIS news]

HOUSTON (CNI)--German chemical major BASF Friday said it plans to increase prices for an array of  products it sells in North America effective 1 April or as contracts allow.

 

It was not clear if customers will accept the planned price hikes.

 

BASF said it intends to raise prices on all carboxylated styrene butadiene latex products supplied to the adhesives, architectural coatings, carpet, construction and nonwovens industries by $110/tonne. The increase pertains to products sold under the Butofan, Styrofan and Styronal brands, the company said in a statement.

 

BASF also said it plans to raise prices by $110/tonne on all Styronal carboxylated styrene butadiene, Basonal multimonomer and Acronal styrene acrylic paper coating binder dispersions.

 

In addition, BASF said it hopes to raise prices in North America all acrylic and styrene acrylic latex products supplied to the adhesives, architectural coatings, construction and nonwovens industries by $132/wet tonne. The company said the increase pertains to products sold under the Acronal and Acronal Optive brands.

 

Headquartered in Florham Park, New Jersey, BASF Corporation is the North American affiliate of BASF AG, Ludwigshafen, Germany.

By: Mike Sheridan
+1 713 525 2653

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