BASF announces price increase across all lines

Florham Park, N.J.-based BASF Corp. announced it is increasing prices for its entire product line in North America in order to address increased in feedstock and energy costs that the company is experiencing in North America.
“We’ve taken significant actions over the last few years to drive down costs under our control in order to mitigate the effects of rising feedstock and energy prices during that period,” said Klaus Peter Loebbe, BASF’s chairman and CEO in a statement. “In light of the continuing and unparalleled increases, these price actions are necessary to maintain a healthy business and to continue to meet our customers’ supply requirements.”