NewswireToday - /newswire/ -
Ludwigshafen, Rhineland-Palatinate, Germany, 2020/03/20 - With immediate effect or as existing contracts permit BASF is increasing the prices of the polyalcohols Neopentylglycol (NPG) and 1,6-Hexanediol (HDO) in Europe - BASF.com. DE000BASF111
With immediate effect or as existing contracts permit BASF is increasing the prices of the polyalcohols Neopentylglycol (NPG) and 1,6-Hexanediol (HDO) in Europe:
Product - Price Increase
Neopentylglycol (NPG) +100 Euro/mt
1,6-Hexanediol (HDO) +150 Euro/mt
Neopentylglycol (NPG) is a high-quality intermediate used, for example, to produce polyester resins for coatings, unsaturated polyester resins, lubricants and plasticizers. 1,6-Hexanediol (HDO) is used to manufacture industrial coatings including lower volatile organic compound formulations, polyurethanes, adhesives, and cosmetics. HDO also serves as a reactive thinner in the formulation of epoxy systems, which for example are used for the efficient production of rotor blades for modern wind turbines, as well as construction components for automotive lightweight applications.
Receive up-to-date news releases from BASF via push notification on your smartphone. Register for our news service at basf.com/pushnews.
At BASF (basf.com), 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.