Ludwigshafen, Germany -- Effective immediately, BASF is increasing prices in Europe for resins and additives for the coatings, printing and packaging industries by 5-12 percent as existing contracts allow.
The price increase affects the Basonat polyisocyanate product range. Other resins affected include Laromer, Joncryl, Luwipal, Luhydran and Acronal.
The company said the increase was necessary due to a significant increase in the cost of key raw materials.
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