FLORHAM PARK, NJ, October 8, 2009 – BASF will increase prices for its lubricant additives by 5-10 percent.  Effective October 15, 2009, or as contracts allow, prices will increase on lubricant additives sold into lubricant applicants around the world primarily under the trade names Irganox®, Irgalube®, Irgafos®, Irgamet®, Irgacor® and Irgaflo®.

“These price increases are necessary to address the continued escalation of raw material costs,” said Douglas Brown, BASF’s Global Business Manager for Lubricant Oil Additives, Automotive & Refinery Chemicals Business Unit. “BASF continually endeavors to identify opportunities to control costs and minimize the impact on our customers, and is committed to maintain the quality, service and innovation our customers expect from us.”

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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 $17.5 billion in 2008. 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 chemicals, plastics and performance products to agricultural products, fine chemicals, as well as oil and gas. 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 posted sales of more than €62 billion in 2008 and has approximately 97,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.