BASF increases prices for its Additives for paint and coatings industry globally
December 1, 2021 – Effective today, as existing contracts allow, BASF is increasing prices for its additives for the paint and coatings industry globally, such as Attagel®, Dispex®, Efka®, Foamaster®, FoamStar®, Hydropalat®, Irgafos®, Irganox®, Loxanol®, Rheovis®, Sterocoll®, Tinuvin® and Uvinul® grades.
Price increases of up to 35% are needed to compensate for surging raw material, transportation, and energy costs, as well as other rising costs, including labor, packaging and maintenance. The increases are necessary to continue to support our customers with high-level 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, film-forming 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 & Resins division
The Dispersions & Pigments division of BASF develops, produces and markets a range of high-quality 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. For further information about the Dispersions & Pigments division, please visit www.dispersions-pigments.basf.com.
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. Further information at www.basf.com.
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