BASF increases prices for vitamin B2 and announces routine plant maintenance
Ludwigshafen, Germany - BASF globally increases the price for vitamin B2 products for human and animal nutrition by 10% as of May 10, 2010, respectively in line with existing commitments. This price increase is necessary to reflect higher prices for raw materials.
Furthermore, BASF is to shut down the production of vitamin B2 at its facility in Gunsan, South Korea, during August 2010 a few weeks to conduct its annual routine overhaul. BASF will continue to meet all supply commitments to customers during that time.
BASF produces vitamin B2 (riboflavin) by fermentation.
About BASF Nutrition Ingredients
BASF’s Nutrition Ingredients business unit is a leading supplier of food ingredients and feed additives. The product portfolio for human nutrition includes vitamins, carotenoids, omega-3s and others. BASF offers products of outstanding quality produced with modern, state-of-the-art technologies. BASF also combines technical services and scientific expertise to meet the highest demands and to deliver the best value to the industry. Premium formulations are a key strength that has made BASF a leader in the industry. Further information is available at www.nutrition.basf.com
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals as well as 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. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.
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