BASF increases prices for MDI and TDI
With immediate effect, or as contract terms allow, BASF will be increasing prices for all its Lupranat® MDI (Methylene Diphenyl Diisocyanate) basic products by €70 per metric ton and for its Lupranat® TDI (Toluene Diisocyanate) basic products by €50 per metric ton in the EMEA region (Europe, Middle East and Africa). This increase is driven by high raw material costs and a strong demand from major business segments.
BASF 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 with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of about €74 billion in 2013 and over 112,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.