Ludwigshafen, Germany -- BASF is increasing its sales prices for butanediol and butanediol derivatives by Euro 50 per
tonne in Europe. This measure applies in particular to 1,4 butanediol (BDO), tetrahydrofuran (THF), gamma-butyrolactone (GBL) and N-methylpyrrolidone (NMP).
BASF said the price adjustment is "related to unsatisfactory margins and is necessary to ensure that BASF can
continue to offer high-quality products and services to its customers."
The rise takes effect 1 July 1 2009, or as contracts allow.
BASF added that it has already announced a global price increase for the BDO derivative polytetrahydrofuran (PolyTHF) already in April 2009.
With plants in Europe, Asia and North America, BASF claims to be one of the world's top manufacturers of BDO and its derivatives, with a total annual capacity of 535 kilotonnes of these products. BDO and its derivatives are widely used to make polyurethanes, elastic fibres, engineering plastics, solvents and electronic chemicals.