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BASF cancels plans about JV with Astra Polymers

August 12/2010

(plastemart) -- BASF SE and Astra Polymer Compounding Co., Ltd. based in Saudi Arabia, have agreed to cancel plans for a joint venture in the Middle East. The plans for JV were based on an agreement between Astra Polymer and Plastic Additives Business Unit of the former Ciba AG, which BASF acquired in 2009.

BASF delays plans about 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:
 injection molding

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