is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

BASF increases prices for additives and pigments

Plastics, additives and chemicals suppliers BASF plans to increase its prices for its additives and pigments sold into the plastics industry. The cost hikes are global in effect and will be "a minimum of 7-25%,", reports the company.

Actual price hikes will vary by product and take effect today (Dec. 22) or as contracts allow. BASF (Ludwigshafen, Germany) says the increases will help it to secure future product availability, supply reliability, continuity in quality, service and innovation. In a release the company wrote, "BASF is committed to the plastic additives business, but current profitability levels are not sufficient to ensure BASF's ability to invest and further support our customers' growth, also due to increasing raw material prices."

BASF supplies antioxidants and process stabilizers, light stabilizers, flame retardants and pigments. The company expanded its plastic additives and pigments portfolio last year with its acquisition of the plastics additives business of Ciba. Earlier this year BASF announced it would close six of its pigments plants, resulting in the loss of about 500 jobs.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.