Basell announced today that it will increase prices by 5 cents per pound for all North American grades of polypropylene compounds (PCMA) and resins based on the Catalloy  process effective October 15.

"Continued significant escalation of raw material costs has necessitated this additional increase,” said Greg Larson, senior vice president for Basell’s Advanced Polyolefins Business.

Basell is the world's largest producer of polypropylene and advanced polyolefin products, a leading supplier of polyethylene and catalysts, and a global leader in the development and licensing of polypropylene and polyethylene processes. Basell, together with its joint ventures, has manufacturing facilities around the world and sells products in more than 120 countries. Additional information about Basell is available at www.basell.com.

For additional information, contact:
Michelle Talmo, Basell Corporate Communications, at +1 302 438 6574,
+1 410 996 1366 or michelle.talmo@basell.com