CHARLOTTE, NC, July 7, 2015 (Press Release) -Effective Aug 1, 2015 or as contracts allow, BASF will increase prices for styrene-butadiene latex polymers sold in North America. As a consequence of recent cost increases in production and delivery, prices will increase up to $0.05 per wet pound ($0.10 per dry pound) on Styrofan®, Styronal®, Butofan®, and Butonal® products sold into the asphalt, infrastructure, construction, fiberbonding, carpet and paper related industries.
The increase is necessitated by recent cost increases in the production and delivery of these products.
Styrofan®, Styronal®, Butofan®, and Butonal® are registered trademarks ofBASF SE.
About BASF's Dispersions & Pigments Division in North America
BASF's Dispersions & Pigments Division in North America offers a comprehensive portfolio of resins, binders, latex, pigments and effect pigments, colorants, and systems to meet specific application needs for the coatings, construction, printing and packaging, plastics and paper markets. Our innovative products also help manufacturers in the adhesives, nonwovens and fiber bonding industries meet functional and performance demands. Key product areas of formulation additives, rheology modifiers, light stabilizers, photoinitiators, and antioxidants significantly enhance the BASF product portfolio for these markets.
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 17,000 employees in North America, and had sales of $20.6 billion in 2014.
At BASF, we create chemistry - and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world's leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year.