BASF declares force majeure for polyamide 66 compounds

BASF has declared force majeure for HMD, AH salt and polyamide 66 polymer on Tuesday, June 16, 2015, the company said on its website. “As a result, BASF is declaring force majeure for polyamide 66 compounds (Ultramid A, Capron PA66) supplied from Europe effective June 17,” it added.

“At this stage, the company is not in a position to predict how long the force majeure situation will last. BASF will update the customers on the situation as soon as possible,” the website said.

BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). It had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year. (RKS)

Fibre2fashion News Desk - India