Basell to Increase PE and PP Prices in Europe on April 1
March 28, 2006
Basell announced that it will increase prices by ˆ70 per tonne on all polypropylene grades and ˆ100 per tonne on all polyethylene grades sold in Europe effective April 1.
"Recent product price developments have not kept pace with rising monomer costs," said Werner Breuers, president of Basell Polyolefins Europe. "An additional price increase is necessary to bring our margins to satisfactory levels."
Basell is the world's largest producer of polypropylene and advanced polyolefin products, a leading supplier of polyethylene and catalysts, and a global leader in the development and licensing of polypropylene and polyethylene processes.
Basell, together with its joint ventures, has manufacturing facilities around the world and sells products in more than 120 countries.
