Chemical company BASF has announced it will increase prices for its resins and additives by 3-10%.
The increase will take effect from 1 July in Europe, Africa and western Asia.
The company said the price increase “is necessary to offset continued high feedstock costs, transportation and energy costs”.
BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year.
