Waterloo, Belgium
– March 11, 2013 – BASF has
successfully completed its acquisition of
parts of Ciech’s TDI (toluene
diisocyanate) business. The TDI production
facility of Ciech’s subsidiary
Zachem, Poland, is not part of the
transaction.
“With this
acquisition, we are further
developing our leading position in
the isocyanates market,” said
Kenneth Lane,
Senior Vice
President, Global Strategic
Marketing and European Polyurethane
Basic Products
. “Our highest
priority now is focusing on a
seamless integration for our
customers and our
employees.”
TDI is a key component
for the polyurethane industry. To a
large extent it is used in the
furniture segment (e.g. in flexible
foams for mattresses, cushions or wood
coating) as well as in the automotive
industry (e.g. in seating cushions and
interior applications).
BASF is a leading
supplier of basic products for
polyurethanes and operates TDI plants
in Geismar, Lousiana; Yeosu, Korea;
Caojing, China; Schwarzheide, Germany;
and as of 2014 in Ludwigshafen,
Germany.
About BASF
BASF is the world’s
leading chemical company: The Chemical
Company. Its portfolio ranges from
chemicals, plastics, performance products
and crop protection products to oil and
gas.We combine
economic success with environmental
protection and social responsibility.
Through science and innovation, we enable
our customers in nearly every industry to
meet the current and future needs of
society. Our products and solutions
contribute to conserving resources,
ensuring nutrition and improving quality
of life. We have summed up this
contribution in our corporate purpose: We
create chemistry for a sustainable
future.BASF posted
sales of €78.7 billion in 2012
and had more than 113,000employees as of the end of
the year. BASF shares are traded on the
stock exchanges in Frankfurt (BAS), London
(BFA) and Zurich (AN). Further information
on BASF is available on the Internet
at
www.basf.com
.
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