Basell announces price increases for its polyethylene and polypropylene grades in Europe
"This is necessary to restore margins to satisfactory levels after the prices of polyolefin products fell abruptly during May and June following a sharp fall in demand said Michel Julien, senior vice president, Strategic Development, Polyolefins Business Europe.
Basell develops, produces and markets polypropylene, polyethylene, advanced polyolefin materials and polyolefin catalysts, and also develops and licenses polyolefin processes. Basell's corporate centre is located in Hoofddorp, The Netherlands; the company has regional offices in Elkton, Maryland, Delaware. USA; Brussels; Mainz, Germany; Sao Paulo, Brazil, and Hong Kong.
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