Industry News

Price increase for acrylics products in the United States and Canada.

Published on 2008-07-11. Author : SpecialChem

Effective August 1, 2008, or as contracts allow, BASF will increase its prices by $US 0.10 per wet pound in the United States and Canada on all Acronal® and Acronal Optive® all-acrylic latex products, Acronal® styrene-acrylic latex products and Basonal® multi-monomer latex products used in the adhesives, fiber bonding, architectural coatings, paper and construction markets.

This action is necessary as a result of unprecedented cost increases that BASF continues to experience regarding raw materials, freight and energy costs.

Acronal Optive is a registered trademark of BASF Corporation. Acronal and Basonal are registered trademarks of BASF SE.

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 Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 15,000 employees in North America, and had sales of approximately $16.4 billion in 2007.

Forward-Looking Statements:

Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. In addition, the completion of any transaction described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or that the company's expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

Source: BASF

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