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BASF Increases Prices for Ethanolamines in Europe - BASF is increasing its European sales prices for ethanolamines (EOA) - BASF.com
BASF Increases Prices for Ethanolamines in Europe

 

PRZOOM - /newswire/ - Ludwigshafen, Germany, 2012/02/22 - BASF is increasing its European sales prices for ethanolamines (EOA) - BASF.com. DE000BASF111

   
 
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With immediate effect, or as existing contracts permit, BASF is increasing its European sales prices for ethanolamines (EOA) as follows:

• Monoethanolamine (MEOA) + 70 EUR/ mt
• Diethanolamine (DEOA) + 90 EUR/ mt
• Triethanolamine (TEOA) + 90 EUR/ mt

or by the equivalent amounts in local currency.
The price increase will also apply to current supply agreements as soon as and to the extent permitted by their terms and conditions.

Ethanolamines are high-class intermediates used in the manufacture of agrochemicals and wood protectants, surfactants for detergents and cleaning products, process chemicals for gas treatment, lubricants and cement additives as well as active pharmaceutical ingredients.

BASF produces EOA at its Verbund sites in Ludwigshafen, Germany; Antwerp, Belgium; and Nanjing, China.

About BASF

BASF (basf.com) is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €63.9 billion in 2010 and had approximately 109,000 employees as of the end of 2010. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

 
 
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BASF Increases Prices for Ethanolamines in Europe

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BASF |
Contact: Klaus-Peter Rieser - BASF.com 
+49 621 60-95138 klaus-peter.rieser[.]basf.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

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