BASF Kaolin price increase announced
CHARLOTTE, NC, December 15, 2017 – Effective immediately, or as contracts allow, BASF will increase kaolin prices globally by up to 7 percent, valid for all industrial applications, calcined kaolin for paper applications and hydrous kaolin products for thermal paper applications. The amount of the increase will be dependent on the product. These increases are necessary for business sustainability in the face of rising costs and increasing demand.
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 17,500 employees in North America, and had sales of $16.2 billion in 2016. For more information about BASF’s North American operations, visit www.basf.us.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 114,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of about €58 billion in 2016. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.
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