BASF Announces Price Increase of Styropor and Neopor Expandable Polystyrene in North America

BASF today announced it is increasing prices for all grades of Styropor® and Neopor® expandable polystyrene in North America by $0.05 per pound effective May 15, 2010.  This increase is necessary due to raw material cost increases, particularly benzene and ethylene, principal precursors in the production of EPS.

BASF is the world’s leading chemicalcompany: 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 105,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.