Ludwigshafen, Germany -- From 1 March 2012, BASF will increases prices in Europe, the Middle East and Africa for resins and dispersions for the coatings, printing and packaging industries, by 3 - 12 percent as existing contracts allow.
The price increase affects, but is not limited to, the following product ranges: Joncryl, Luhydran, and Acronal.
The Joncryl range consists of hydroxy functional acrylic copolymers used for solvent-based coatings. They are mainly used as binders with polyisocyanates in two-component PU coatings, according to BASF.
The price adjustments are necessary mainly due to "further significantly increased costs of key raw materials," said BASF's 28 Feb statement.