BASF declares force majeure on MDI system and TPU Elastollan products in North America

WYANDOTTE, MI, June 02, 2017 – BASF declared a force majeure in North America on methylene diphenyl diisocyanate (MDI) system and thermoplastic polyurethane (TPU) Elastollan^® products as a direct result of weather related events that impacted Kinder Morgan’s St. Gabriel, Louisiana terminal.

Flood waters on the Mississippi River rose to a level of 29 feet, which caused unsafe operational conditions and the subsequent closure of Kinder Morgan’s terminal. This unforeseeable event resulted in BASF’s inability to procure the needed raw materials to manufacture MDI, impacting the ability to produce MDI system and TPU Elastollan products.

BASF is working with affected customers to minimize the impact on their business, and will continue to provide updates regarding supply capability.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 17,500 employees in North America, and had sales of $16.2 billion in 2016. 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 114,000 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 about €58 billion in 2016. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.

A-US-17-057