BASF to increase price of its PA 6 spinning polymer by US$0.05/lb. in North America, effective Aug. 15, on increasing raw material costs, market conditions

FLORHAM PARK, New Jersey , August 2, 2011 (press release) – BASF will increase the price for Polyamide (PA) 6 spinning polymer by $0.05 per pound, effective August 15, 2011.

These price increases are necessitated due to current market conditions and increasing raw material costs.

BASF - The Chemical Company.

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has approximately 16,000 employees in North America, and had sales of $13 billion in 2009. For more information about BASF’s North American operations, or to sign up to receive news releases by e-mail, visit www.basf.us.

BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals and oil and gas. As a reliable partner, BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges, such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €50 billion in 2009 and had approximately 105,000employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.us.

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