As of March 1, 2012, BASF increased prices in Europe, Middle East and Africa for resins and dispersions for the coatings, printing and packaging industries by three to 12 percent or as existing contracts allow. The price increase affects, but is not limited to, the following product ranges: Joncryl, Luhydran and Acronal. The company said the price adjustments are necessary mainly due to further significantly increased costs of key raw materials.