DALTON, GA, May 7, 2010 -- Effective May 24, or as contracts allow, BASF will increase its prices for STYROFAN carboxylated styrene-butadiene polymers sold to the carpet industry in the United States and Canada by $US 0.05 per dry pound.
This action is necessary as a result of significant increases in raw material costs. As raw material prices have risen considerably, it is necessary for BASF to increase the prices of its products. BASF is seeking ways to address this issue in dialogue with its customers.
STYROFAN is a registered trademark of BASF SE, used with permission.
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BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has approximately 16,000 employees in North America, and had sales of $13 billion in 2009. 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 and oil and gas. As a reliable partner, BASF creates chemistry to help 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 €50 billion in 2009 and had approximately 105,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.