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BASF Announces Price Increase for Neol Neopentylglycol

7 June 2000

BASF Announces Price Increase for Neol Neopentylglycol

    MOUNT OLIVE, NJ - BASF Corporation announced today that it will raise list and off-list prices for Neol Neopentylglycol products by 5 cents per pound, effective July 1, 2000. The increase applies to all forms of Neol, including Molten, 90% Solution and Flake.

    BASF will increase the prices in Europe by Euro 0.12/kg and in Asia/Pacific by U.S. $0.10/kg as well. This global increase is necessary to compensate for significantly increased raw material costs.

    BASF Corporation is among the top producers of chemicals and related products in the U.S., Canada and Mexico, with sales of $7.2 billion in 1999. Based in Mount Olive, NJ, BASF Corporation is the North American affiliate of BASF AG. "We don't make a lot of the products you buy. We make a lot of the products you buy better." summarizes BASF's diverse product offerings including chemicals, polymers, automotive and industrial coatings, colorants, pharmaceuticals, nylon fibers and agricultural products. BASF employs more than 15,000 people at about 50 locations in North America.