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Price increases of up to 35% are needed to compensate for surging raw material, transportation, and energy costs, among others.
December 2, 2021
By: DAVID SAVASTANO
Effective immediately, as existing contracts allow, BASF is increasing prices for its additives for the paint and coatings industry globally, such as Attagel, Dispex, Efka, Foamaster, FoamStar, Hydropalat, Irgafos, Irganox, Loxanol, Rheovis, Sterocoll, Tinuvin and Uvinul grades. Price increases of up to 35% are needed by BASF to compensate for surging raw material, transportation, and energy costs, as well as other rising costs, including labor, packaging and maintenance. The increases are necessary to continue to support customers with high-level products and services.
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