BASF to increase prices for Butanediol in North America

FLORHAM PARK, NJ, June 1, 2016 – Effective July 1, 2016; or as existing contracts permit, BASF is raising its prices in North America for 1,4-Butanediol (BDO) by $0.04/pound (US Dollars 90/metric ton).

BDO and its derivatives are widely used for producing plastics, solvents, electronic chemicals and elastic fibers. With an annual production capacity of 670,000 metric tons globally and operating from plants in Ludwigshafen, Germany; Geismar, Louisiana; Kuantan, Malaysia; Caojing, China; Chiba, Japan and Korla, China, BASF is the leading producer of BDO globally.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has nearly 17,500 employees in North America, and had sales of $17.4 billion in 2015. For more information about BASF’s North American operations, visit www.basf.us.
 
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 112,000 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 five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of more than €70 billion in 2015. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information at www.basf.com.

P-US-16-065