BASF to increase prices for Neopentylglycol in North America

FLORHAM PARK, N.J., June 1, 2015 -- Effective July 1, 2015 or as contracts allow, BASF is increasing its list and off-list prices in North America for all grades of Neopentylglycol (Neol^®) by $0.03 per pound.

Neopentylglycol is mainly used as a building block in polyester resins for coatings, unsaturated polyesters, lubricants and plasticizers.

Neol is a registered trademark of BASF Corporation.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 17,000 employees in North America, and had sales of $20.6 billion in 2014. For more information about BASF’s North American operations, visit www.basf.us.

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 quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.

P-US-15-109