FLORHAM PARK, N.J. (May 3, 2011)—BASF Corp. and two of its businesses plan to hike prices on some chemicals at different times during the next month.
Effective June 1, or as contracts allow, the North American affiliate of Ludwigshafen, Germany-headquartered BASF S.E. will boost the cost of all polyurethane system products by 12 cents a pound in the U.S. and the price of all grades of Styropor expandable polystyrene by 4 cents a pound in North America.
Two BASF Corp. businesses, Styrolution USA L.L.C. and Styrolution Mexicana S.A. de C.V.—also plan to increase prices of Terluran ABS and Terluran-HH (HH ABS) by 4 cents a pound and Luran (SAN), Luran (i-SAN) and Luren S (ASA) by 6 cents a pound.
Those boosts are effective May 16, or when contracts allow.
The price hikes are being driven by increased raw material costs, transportation and energy, Florham Park-based BASF said.