The price increase will come into effect from 1 September, 2014, or as contracts allow.

 

The products affected are predominantly azo pigments, yellow and red high performance pigments, effect pigments, phthalocyanines and dyes. 

 

Price increases are necessary due to the current market situation, significantly higher raw materials costs and rising cost of environment, health and safety as well as maintenance.

 

The products affected are mainly used as raw materials in the coatings and paints as well as in the printing and plastics industries.

 

As MRC informed before, in March 2014, BASF announced that it had developed a broad portfolio of raw materials for coatings destined for the paints, construction, furniture and flooring coatings as well as automotive and industrial coatings industries. Thus, BASF presented its hybrid pigments Paliotan Yellow EH 1560 (L 1631), Yellow EH 1561 (L 1921) and Red EH 1604 (L 3131), which are combinations of high-quality organic and inorganic pigments and designed for industrial coating applications.

 

BASF is the largest diversified chemical company in the world and is headquartered in Ludwigshafen, Germany. BASF produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries. BASF had sales of about EUR74 billion in 2013 and over 112,000 employees as of the end of the year.