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BASF to increase prices for its formulation additives globally by 5-10%

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BASF to increase prices for its formulation additives globally by 5-10%

January 05, 2021 - 09:28
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LUDWIGSBURG, Germany, Jan. 5, 2021 (Press Release) -Effective today, as existing contracts allow, BASF is increasing prices globally for a large part of its formulation additives for paint and coatings industry such as Attagel, Dispex, Efka, Foamaster, Foamstar, Hydropalat, Loxanol and Rheovis grades.

Price increases of up to five to ten percent dependent on region are needed to compensate for increasing costs from transportation, safety, legislation, registrationrequirements (e.g. Reach, TSCA) and to continue to support customers with highlevel products and services.

About BASF’s Performance & Formulation Additives portfolio

BASF is a premiere provider of performance and formulation additives for the paints and coatings industry. With a comprehensive range of respected brands and a broad technology base of dispersing agents, defoamers, rheology modifiers, wetting agents and surface modifiers, filmforming agents, light stabilizers, antioxidants and optical brighteners, our unique portfolio helps to enable performance-driven products, which are passionately designed to meet the latest and most stringent environmental regulations.

BASF’s Dispersions & Pigments division

The Dispersions & Pigments division of BASF develops, produces and markets a range of highquality pigments, resins, additives and polymer dispersions worldwide. These raw materials are used in formulations for a number of industries, including coatings, construction, adhesives, printing and packaging, electronics and paper. With its comprehensive product portfolio and its extensive knowledge of the industry, the Dispersions & Pigments division offers its customers innovative and sustainable solutions and helps them advance their formulations.

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.