With immediate effect BASF increases prices for all its Kaurit® and Kauramin® glues by €15 per metric ton in Europe on top of fluctuations in raw material prices as of the month of July. The price increase is necessary due to higher energy, personnel and maintenance costs.
Kaurit and Kauramin glues are condensation products of urea and formaldehyde. Kauraminadditionally contains melamine. Both Kaurit und Kauramin glues are specifically developed for the efficient production of any wood-based material – from chip and fiber boards to OSBs.
About BASFBASF 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.