BASF has announced an increase in the prices of its Lupranate® TDI (Toluene Diisocyanate) in the ASEAN and South Asia regions, effective immediately or as per contract terms. The price for Lupranate® TDI will rise by $300 per metric ton. This decision comes in response to various market conditions that have put pressure on the company's operations. The price adjustment is part of BASF’s ongoing efforts to adapt to the evolving business environment and ensure sustainable long-term growth in the region.

The rise in costs for transportation, energy, and regulatory compliance has significantly impacted BASF’s operational expenses. Transportation costs, in particular, have been affected by global supply chain disruptions and increased freight charges. Energy prices, which have seen continuous increases in recent months, have also contributed to the need for this price adjustment. Furthermore, the company has been facing escalating regulatory requirements, which have added to the complexity and cost of doing business.

BASF’s decision to increase prices is in line with its commitment to maintaining a sustainable business model while managing the rising operational costs. The company recognizes the importance of balancing the pressures of cost increases with its responsibility to continue providing high-quality products and services to its customers. The price hike ensures that BASF can continue to invest in innovation and maintain the quality of its offerings, while also meeting the demands of the market and adapting to the challenges it faces.

As the business landscape evolves, BASF will continue to monitor the situation and make necessary adjustments to its pricing strategy to maintain its position as a leading supplier in the region. The company remains committed to supporting its customers and ensuring that its products meet the highest standards of quality and reliability.

BASF is dedicated to creating chemistry for a sustainable future, blending economic success with environmental protection and social responsibility. With approximately 112,000 employees worldwide, BASF supports customers across nearly every sector and country. The company’s diverse portfolio spans six key segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. In 2023, BASF achieved sales of €68.9 billion, underscoring its global impact and success. BASF shares are traded on the Frankfurt Stock Exchange (BAS) and as American Depositary Receipts (BASFY) in the United States, reflecting the company's international reach and commitment to sustainable growth.