The German concern BASF announced a change in the price of its additives for plastics. Under existing contracts, BASF is increasing the prices of products from its portfolio of plastics additives worldwide by an average of 10%.
The company explains the price adjustment in response to higher raw material and logistics costs. The change in price takes effect immediately after the publication of the message.
BASF is a leading global manufacturer of plastics additives with an extensive and innovative portfolio of stabilizers for ease of processing, heat resistance and lightfastness for a variety of polymers and applications including molded products, films, fibers, sheets and profile extrusion.