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BASF quits JV with Astra Polymers

July 06/2010

(plastemart) -- BASF and Astra Polymers Compounding Co., Ltd. have decided to discontinue plans for a joint venture in the Middle East Region. The joint venture plans were based on an agreement between Astra Polymer and the Plastic Additives business of former Ciba AG which has been acquired by BASF in 2009.

 

As the leading Plastic Additives supplier worldwide, BASF is committed to support polymer growth in the Middle East with local production as well as the services that customers demand in the Middle East Region.

 

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BASF quits JV with Astra Polymers

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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