BASF raises global prices of propionic acid

Effective immediately, or as existing contracts permit, BASF is raising its prices for propionic acid as follows: Europe, Africa, Middle East +EUR 0.10/kg The Americas +USD 0.07/lb Asia Pacific +USD 0.15/kg BASF is a leading supplier of propionic acid with production facilities at its Verbund sites in Ludwigshafen, Germany, and Nanjing, China. The major application of propionic acid is feed grain preservation. It is also widely used in the production of pharmaceuticals, crop protection agents, solvents, food preservatives and plastics. BASF at a glance BASF is the world’s leading chemical company – The Chemical Company. With about 97,000 employees, six Verbund sites and close to 330 production sites worldwide we serve customers and partners in almost all countries of the world. In 2008, BASF posted sales of €62.3 billion and income before special items of approximately €6.9 billion. We help our customers to be more successful through intelligent system solutions and high-quality products. Through new technologies we can tap into additional market opportunities. We conduct our business in accordance with the principles of sustainable development. News Source : BASF raises global prices of propionic acid