BASF set to hike price on carpet products

In a move that will increase the cost of producing carpet, BASF said it will raise prices on polymer products supplied to the flooring industry. The chemical manufacturing company said the action is being taken as a result of increased costs of raw material, feedstock, freight and energy. A five-cents-per-pound increase is set to take effect June 4 and will affect all Styrofan carboxylated styrene-butadiene emulsion polymer products.