Company News
March 1, 2021
BASF Increases BDO & Derivatives Prices in Europe
BASF to increase prices for butanediol and derivatives in Europe
With immediate effect, or as existing contracts permit, BASF SE will increase its European selling prices for 1,4 Butanediol (BDO) and its derivatives:
1,4-Butanediol (BDO) + 800 EUR/mt
Tetrahydrofuran (THF) + 1.050 EUR/mt
Polytetramethylene ether glycol (PolyTHF®) + 1.050 EUR/mt
N-Methyl-2-Pyrrolidone (NMP) + 800 EUR/mt
N-Ethylpyrrolidone (NEP) + 800 EUR/mt
BDO and its derivatives are used for producing engineering plastics, polyurethanes, solvents and elastic spandex fibers. PolyTHF® is a registered trade mark of BASF Group in many countries.
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https://www.basf.com/global/en/media/news-releases/2021/03/p-21-140.html
March 1, 2021
BASF Increases BDO & Derivatives Prices in Europe
BASF to increase prices for butanediol and derivatives in Europe
With immediate effect, or as existing contracts permit, BASF SE will increase its European selling prices for 1,4 Butanediol (BDO) and its derivatives:
1,4-Butanediol (BDO) + 800 EUR/mt
Tetrahydrofuran (THF) + 1.050 EUR/mt
Polytetramethylene ether glycol (PolyTHF®) + 1.050 EUR/mt
N-Methyl-2-Pyrrolidone (NMP) + 800 EUR/mt
N-Ethylpyrrolidone (NEP) + 800 EUR/mt
BDO and its derivatives are used for producing engineering plastics, polyurethanes, solvents and elastic spandex fibers. PolyTHF® is a registered trade mark of BASF Group in many countries.
Receive up-to-date news releases from BASF via push notification on your smartphone. Register for our news service at basf.com/pushnews.
https://www.basf.com/global/en/media/news-releases/2021/03/p-21-140.html
March 1, 2021
BASF Announces TDI and Polyol Increases
March 1, 2021
Dear Valued Customer,
Effective April 1, 2021 or as contracts allow, BASF Corporation is raising the price for all Lupranate® TDI products by $0.11 per pound, and all Pluracol® polyol products by $0.13 per pound.
Your BASF Account Manager will provide further details of this announced increase and is available to answer any questions you may have. We appreciate your continued support for BASF Urethane Chemicals.
March 1, 2021
BASF Announces TDI and Polyol Increases
March 1, 2021
Dear Valued Customer,
Effective April 1, 2021 or as contracts allow, BASF Corporation is raising the price for all Lupranate® TDI products by $0.11 per pound, and all Pluracol® polyol products by $0.13 per pound.
Your BASF Account Manager will provide further details of this announced increase and is available to answer any questions you may have. We appreciate your continued support for BASF Urethane Chemicals.
March 1, 2021
Recticel Results and Forecast
Recticel Annual Results 2020 – Solid 2nd half 2020 and Strategic Repositioning
Regulated information, Brussels, 26/02/2021 — 06:55 CET, 26.02.2021
- Net sales: from EUR 878.5 million to EUR 828.8 million (-5.7%), including a -0.3% currency effect
- Adjusted EBITDA: from EUR 70.7 million to EUR 58.8 million (-16.8%)
- Result of the period (share of the Group): from EUR 24.8 million to EUR 63.2 million, including EUR 68.7 million result from discontinued operations
- Net financial debt (cash): EUR 4.6 million, including IFRS 16 lease liabilities
- Proposal to pay a gross dividend of EUR 0.26 per share
Olivier Chapelle (CEO): “After a -17.5% sales decline in 1H2020 caused by the COVID-19 lockdown, the 2H2020 was marked by significant sales fluctuations varying from one business segment or country to another, influenced by the subsequent waves of the COVID pandemic and the related precautionary measures taken by national governments. In this difficult context, we managed to generate a robust 7.0% sales growth in 2H2020 and a 10.0% increase in Adjusted EBITDA.
Numerous ‘force majeure’ events at the premises of our chemical raw material suppliers have created and continue to create supply shortages of polyols and isocyanates. Our suppliers have used this situation to implement price increases at an historically high pace, leading to new all-time highs. In response to this, we were compelled to mitigate these cost increases through corresponding sale price increases. The situation is expected to normalize as of 3Q2021.
2020 has also been a milestone year for the important strategic repositioning of our Group. We have at last succeeded in divesting our Automotive Interiors operations, which, together with the disposal of our 50% participation in the Eurofoam joint venture, has enabled the signing of the acquisition of FoamPartner. This transaction will create a truly global player in Engineered Foams, and the preparation of its closing is progressing well.
While pursuing further external growth opportunities, the Board of Directors has now also decided to launch a divestment process for our Bedding division, in line with our amended strategy.“
OUTLOOK
Our underlying end-use markets remain difficult to predict in the context of the COVID-19 pandemic. Regardless of these uncertainties, our Group expects in 2021 a substantial increase in sales, and a 30% increase of its Adjusted EBITDA, not taking into account the contribution from the FoamPartner acquisition nor the related synergies.
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