OREANDA-NEWS. With effect from July 01, 2013, or as contracts allow, BASF will increase prices in Europe, Africa and Western Asia for Resins and Additives by 3-10%. The price increase is necessary to offset continued high feedstock costs, transportation and energy costs.

The products affected by the price increase are used as raw materials in the coatings, printing and packaging industries.

BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. 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 €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).