19 May 2011 11:24 [Source: ICIS news]
SINGAPORE (ICIS)--German producer BASF has declared a force majeure on toluene di-isocyanate (TDI) supplies in North America due to severe flooding of the lower ?xml:namespace>
The flooding disrupted delivery of raw materials to the company’s 160,000 tonne/year TDI plant at
The company said that the force majeure on all its TDI products takes effect immediately.
BASF added that it will enforce allocation to customers with a retroactive implementation on 1 May.
The allocation, set in place for an undefined period, will be on “a fair and reasonable basis” and based on customers’ purchases over the past six months from November 2010 to April 2011, the company said in the letter.
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