Industry News

BASF to raise prices for Lupranate® MDI for rigid applications in North America

Published on 2006-07-24. Author : SpecialChem

WYANDOTTE, Mich. -- BASF will increase prices for its Lupranate diphenylmethane diisocyanate (MDI) products for rigid urethane applications (e.g., laminates, appliances, wood binders, etc.) in North America by $0.10 per pound, effective August 1, 2006, or as contracts allow.The price adjustment is necessary due to market supply conditions and escalating costs.

BASF's Lupranate MDI is a diisocyanate chemical that is an important basic product for making polyurethanes. MDI-based polyurethanes are used to produce rigid foams, elastomers, coatings, adhesives, sealants, and flexible slab and molded forms for the automotive, building and construction, industrial, and sports and recreation markets, among others.

BASF - The Chemical Company. We don't make a lot of the products you buy. We make a lot of the products you buy better.®

BASF Corporation, headquartered in New Jersey, is the North American affiliate of BASF AG, Ludwigshafen, Germany. BASF employs about 10,000 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. In 2005, BASF had approximately 81,000 employees and posted sales of more than $50.4 billion. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA), New York (BF), and Zurich (AN).

Source: BASF

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