NewswireToday - /newswire/ - Ludwigshafen, Germany, 2012/03/01 - BASF will increase prices of its Ultramid® extrusion and fiber polyamides in Europe with immediate effect - BASF.com. DE000BASF111

BASF will increase prices of its Ultramid® extrusion and fiber polyamides in Europe by € 150 per metric ton with immediate effect. The price adjustment is necessary due to the strong increase in raw material costs. BASF continues its efforts to offset rising costs in a difficult environment. However, the extraordinary market conditions force BASF to implement this price increase.

BASF's Ultramid extrusion and fiber polyamides are used for producing films for food packaging and industrial use, for manufacturing monofilaments, for wire jacketing, for carpet and textile fibers.

About BASF

BASF (basf.com) 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, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €73.5 billion in 2011 and had more than 111,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

Written by / Agency / Source: BASF

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