Basell to increase its advanced polyolefin prices in Europe, Middle East and Africa

22-Jun-2007

Effective July 1, Basell will increase its prices in Europe, Middle East and Africa for its Adflex and reactor grade Hifax products by EUR 60 per tonne and for its Adsyl products by EUR 100 per tonne. In addition the company will increase the price for compounded Hifax and Hostacom products in line with the most recent raw material increases.

"Demand for these products is very strong and we need to fully restore our margins to ensure long term sustainability of supply," said Paul Yeates, managing director of Basell Sales & Marketing Company B.V. and president of Basell's Advanced Polyolefins Business.

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