BASF to increase prices for certain polyalcohols in North America

FLORHAM PARK, NJ, June 1, 2018 – Effective July 1, 2018, or as existing contracts permit, BASF will increase prices for neopentylglycol (NPG).

Product                                        Price Increase

Neopentylglycol Slurry                  $0.02 / lb

Neopentylglycol Flake                   $0.05 / lb

NPG, which is marketed by BASF under the brand NEOL^®, 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 18,200 employees in North America, and had sales of $17.9 billion in 2017. For more information about BASF’s North American operations, visit www.basf.com.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The more than 115,000 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 €64.5 billion in 2017. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.

P-US-18-065