BASF Announces Price Increase for its NPG & TMP Polyalcohols in Europe

BASF is increasing the prices of the polyalcohols neopentylglycol (NPG) and trimethylolpropane (TMP) with immediate effect or as existing contracts permit by 85 ?mt in Europe.

Trimethylolpropane(TMP) is a high-quality intermediate that is used primarily for the production of alkyd resins, which are used in paints and coatings. It also serves to produce lubricants. Neopentylglycol (NPG) is a high-quality intermediate used, for example, to produce polyester resins for coatings, unsaturated polyester resins, lubricants and plasticizers.

About BASF

BASF is one of the worlds leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. It combines economic success with environmental protection and social responsibility. Through science and innovation, it enables its customers in nearly every industry to meet the current and future needs of society. Its products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. BASF had sales of ?2.1 billion in 2012 and more than 110,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS) London (BFA) and Zurich (AN).

Source: BASF