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Techmer PM purchases BASF additives business

June 09/2010

LUDWIGSHAFEN (BASF) -- BASF yesterday announced that it has signed a definitive agreement to sell its hydrophilic melt additives business to Techmer PM, LLC, a manufacturer of colors and additives for the plastics and fiber industries located in Clinton, Tennessee, USA. The hydrophilic melt additives are currently marketed under the brand name Irgasurf HL. Both companies have agreed not to disclose financial details of the transaction.

 

In the course of the integration of the former Ciba Plastic Additives business we have analyzed our combined offering to the plastics industry and have decided that the Irgasurf HL products do not fit our strategic scope, explained Soeren Hildebrandt, Vice President Global Strategic Management and New Business Development in the Performance Chemicals Division.

 

mrcplast.com

Techmer PM purchases BASF additives business

MRC Reference

BASF. The share in the Russian market in 2008:
 PS - 9.1% (GPPS - 5.9%, ABS - 11.4%, EPS - 10.6%).

 

Annual sales growth in Russia over the 5 years:
 PS - 15%.

 

Imports by polymers processing technologies:
 foaming;
 injection molding.


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