Effective on 5, November, or as contracts allow, BASF is increasing prices for the majority of products in its additives and stabilizers portfolio for plastic applications as well as for several light stabilizers for coating applications by up to 10%, said the company.

 

Price adjustments are a response to increasing costs. They also reflect the commitment to sustainable business standards. Price increases will apply to the following product classes: 

Antioxidants and Process Stabilizers

Light Stabilizers and other Plastic Additives

Light Stabilizers for coating applications

 

As MRC wrote before, sales of BASF Group grew in Q3 2014 by 3% compared with the previous third quarter, reaching EUR18.3 billion. EBIT grew by EUR128 million to EUR1.8 billion compared with the third quarter of the previous year. EBITDA rose by EUR30 million to EUR2.5 billion. Income before taxes and minority interests increased by EUR126 million quarter-on-quarter to EUR1.6 billion. Because of the higher tax rate and increased minority interests, net income declined by EUR53 million to EUR1.0 billion. 

 

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.