BASF increases prices for Neopentylglycol and Hexanediol in North America

FLORHAM PARK, NJ, June 7, 2016 -- Effective July 1, 2016 or as contracts allow, BASF will increase its list and off-list prices in North America for all grades of the following products:

Product                                               Price Increase
Neopentylglycol (NPG, NEOL^®)            $0.03 / lb.
1,6-Hexanediol (HDO)                          $0.06 / lb.      

Neopentylglycol (NPG) is mainly used as a building block in polyester resins for coatings, unsaturated polyesters, 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 are used for the efficient production of rotor blades for modern wind turbines as well as construction components for automotive lightweight applications.

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-16-070