BASF to open first plant in Myanmar, sells and buys businesses
Staff Writer |
BASF is planning its first manufacturing plant in Myanmar in 2017. Subject to Myanmar regulatory approvals, the plant to be located in Myanmar’s commercial capital, Yangon.
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The plant will be designed to produce tailor-made construction chemical solutions for the local building market from BASF’s Master Builders Solutions portfolio.
BASF opened its service office in Yangon in September 2015. Through local Myanmar distributors, BASF has been offering solutions to Myanmar customers for the past ten years, including concrete admixtures, construction systems and mining chemicals.
BASF has completed the sale of its global industrial coatings businesses to AkzoNobel.
The transaction includes technologies, patents and trademarks, as well as the transfer of dedicated production sites in Deeside, United Kingdom, and Vanderbijlpark, South Africa.
As a result of this transaction, AkzoNobel will now operate the global coil, furniture foil and panel coatings, wind coatings and general industry businesses acquired from BASF, as well as the commercial transport business in EMEA. These businesses generated sales of approximately €300 million in 2015.
The remaining portfolio of the Coatings division consisting of the automotive OEM and automotive refinish coatings businesses, as well as the decorative paints business with the leading brand Suvinil in Brazil, had sales of approximately €2.9 billion in 2015.
The Coatings business has been further strengthened with the acquisition of Chemetall, a leading global supplier of applied surface treatments, which was closed this week.
BASF has completed its acquisition of Albemarle’s global surface treatment business, Chemetall. Through this acquisition, BASF’s Coatings division expands its portfolio to become a more complete solutions provider.
BASF combines its know-how in chemistry and coatings applications with Chemetall’s market-leading expertise in surface treatment.
The combined businesses will benefit from each other’s global infrastructure, scale and market access, driving new growth opportunities by offering an unmatched solutions competence to customers.
Chemetall develops and manufactures customized technology and system solutions for surface treatment. Their products protect metals from corrosion, facilitate forming and machining, allow parts to be optimally prepared for the painting process and ensure proper coating adhesion.
These chemicals are used in a wide range of industries and end-markets, such as automotive, aerospace, aluminum finishing, and metal forming. Chemetall’s sales for the full calendar year of 2015 were US$845 million. ■
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