BASF declares Force Majeure for a range of EO-based products in the portfolio of Care Chemicals
- Raw material shortage due to technical problems in the European ethylene oxide (EO) production
Ludwigshafen, Germany – May 21, 2015 – BASF’s European production sites for ethylene oxide have experienced significant technical problems leading to a Force Majeure declaration on ethylene oxide on May 19, 2015. Due to the ethylene oxide (EO) shortage BASF has subsequently to declare Force Majeure for EO-based products produced in Europe in the portfolio of Home Care and Industrial & Institutional Cleaning, Formulation Technologies, AgChem Additives and certain EO-based products in the portfolio of Personal Care.
The resulting effects of the Force Majeure for customers are currently being evaluated. BASF expects that the supply situation of the affected products will improve towards end of June. Meanwhile BASF is implementing measures to limit the consequences for its customers. BASF will continuously inform customers about the development and the details regarding the supply capability with the affected products.
At BASF, we create chemistry — and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products, and crop protection products to oil and gas. As the world's leading chemical company, 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 the quality of life. We have summed up this contribution in our corporate purpose: we create chemistry for a sustainable future. BASF generated sales of over €74 billion in 2014 and had around 113,000 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.
About BASF’s Care Chemicals division
The BASF division Care Chemicals offers a broad range of ingredients for hygiene, personal care, home care, industrial & institutional cleaning, and technical applications. We are the leading supplier for the cosmetics industry as well as the detergents and cleaning agents industry and support our customers worldwide with innovative and sustainable products, solutions, and concepts. The division’s high-performance product portfolio includes surfactants, emulsifiers, polymers, emollients, chelating agents, cosmetic active ingredients, pigments, and UV filters. Superabsorbents developed for the full spectrum of hygiene applications complete the range. We have production and development sites in all regions and are expanding our presence in emerging markets. Further information is available at www.care-chemicals.basf.com.