BASF to increase prices for neopentylglycol in North America

FLORHAM PARK, N.J., December 20, 2016 -- Effective January 15, 2017, or as contracts allow, BASF is increasing its list and off-list prices in North America for all grades of neopentylglycol (NPG) by $0.03/pound. 

NPG, which is marketed by BASF Corporation under the brand name NEOL®, is mainly used as a building block in polyester resins for coatings, unsaturated polyesters, lubricants and plasticizers. With production sites in Freeport, Texas; Ludwigshafen, Germany; and Nanjing and Jilin, China, BASF has a production capacity of 205,000 tons of NPG annually. 

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 (BAS). Further information at www.basf.com.

NEOL® is a registered trademark of BASF Corporation

 

P-US-16-250