CHARLOTTE, NC, May 18, 2011 -- Effective May 23, 2011, or as contracts allow, BASF will increase its prices for all BUTONAL and BUTOFANstyrene-butadiene high and medium solids latex products by $US 0.16 per wet pound in the United States and Canada. BUTONAL and BUTOFAN products are used as ingredients for various applications in the adhesives, carpet, construction, fiber bonding, automotive and foam markets.
This action is necessary as a result of rising energy costs and significant increases in costs for raw materials such as butadiene and styrene.
BUTONAL and BUTOFAN are registered trademarks of BASF SE, used with permission.
BASF – The Chemical Company
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has approximately 16,400 employees in North America, and had sales of $17.7 billion in 2010. For more information about BASF’s North American operations, visit www.basf.us.
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products, and agricultural products to 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 €63.9 billion in 2010 and had approximately 109,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com or in the Social Media Newsroom at newsroom.basf.com.