BASF Catalysts Announces Price Increase For Chemical Catalysts |
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BASF Catalysts LLC
554 Engelhard Dr.
Seneca, SC, 29678
USA
Press release date: August 12, 2008
BASF Catalysts LLC today announced that, effective immediately, list prices for its petrochemical catalysts will increase by 15 percent. For those supply contracts which require 30-day notification, the price increases will be effective September 1, 2008.
"While demand for our products remains strong, continued higher energy costs, as well as unprecedented higher raw material prices are significantly impacting our chemical catalysts manufacturing costs," said Fritz Naeumann, Global Director, Chemical Catalysts, Process Catalysts & Technologies, for BASF Catalysts. "Ongoing productivity initiatives have helped offset some of this impact, but this price increase is necessary for us to continue serving our customers' needs."
BASF Catalysts is an industry leader in chemical catalysts. Its products are used to manufacture the majority of the more than 175 different petrochemicals produced. The division's catalysts also enable important commercial chemistry processes, such as hydrogenation, dehydrogenation and selective oxidation, and are used in petrochemical, fine chemical and syngas markets.
BASF Catalysts division is the world's leading supplier of environmental and process catalysts. The group offers exceptional expertise in the development of technologies that protect the air we breathe, produce the fuels that power our world and ensure efficient production of a wide variety of chemicals, plastics, adsorbents and other products.
BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from oil and gas to chemicals, plastics, performance products, agricultural products and fine chemicals. As a reliable partner, BASF helps its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges, such as climate protection, energy efficiency, nutrition and mobility. BASF has more than 95,000 employees and posted sales of almost 58 billion in 2007. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.
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