BASF Catalysts LLC Raises Prices on Kaolin-Based Pigments, Products for Speciality Markets
Sep 12, 2006
ISELIN, NJ -- BASF Catalysts LLC (formerly Engelhard Corporation) announced it is increasing prices for hydrous-, calcined- and surface-modified, kaolin-based pigments to the global specialty markets for paints, plastics, rubber, inks and other industrial applications.
Kaolin-based products for global specialty markets will be increased a minimum of 5% effective with shipments on and after October 15, 2006. Certain market segments will be increased substantially more than 5%.
Customers purchasing products on a delivered basis will bear any transportation cost increases, and previously announced energy surcharges remain in effect.
"Current selling prices do not justify reinvestment," said Robert Spadoni, BASF Catalysts' vice president and general manager for performance minerals. "While we are committed to continuing our efforts to increase our productivity and efficiencies, we must also increase prices if we are to remain a viable supplier to our Specialty customers."
BASF Catalysts LLC, a wholly-owned subsidiary of BASF Corporation, is a world-leading provider of technologies for environmental, process and industrial applications.
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BASF Corporation, headquartered in New Jersey, is the North American affiliate of BASF AG, Ludwigshafen, Germany. BASF employs about 16,000 people in North America and had sales of approximately $11.3 billion in 2005.
As the world's leading chemical company, BASF's portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. BASF's intelligent system solutions and high-value products help its customers to be more successful. BASF develops new technologies and uses them to open up additional market opportunities. It combines economic success with environmental protection and social responsibility, thus contributing to a better future.
