Converting News
PETRONAS and BASF sign MoU to explore new joint investment
Company Information 12/07 2010 08:47
2010-12-06
P-10-513
World-scale production of specialty chemicals
Kuala Lumpur , Malaysia –December 6, 2010 – BASF and PETRONAS today signed a Memorandum of Understanding to undertake a joint feasibility study to produce specialty chemicals in Malaysia, a move that would extend the two parties¡Ç existing business collaboration in the country. T he partners are considering a potential joint investment sum of approximately MYR 4.0 billion / € 1.0 billion.¡¡» Read More
European Commission approves BASF¡Çs acquisition of Cognis
Company Information 12/03 2010 10:29
2010-11-30
P-10-506
Ludwigshafen , Germany – November, 30, 2010 – The European Commission today approved the acquisition of Cognis Holding GmbH by BASF SE. The approval is subject to the divestiture of businesses that accounted for sales of significantly less than €100 million, which is less than 3% of Cognis¡Ç total sales. In addition, the Chinese authorities today approved the acquisition. The transaction has now received approval from all relevant competition authorities. Closing of the transaction is expected in the first half of December.¡¡» Read More
BASF and INEOS to establish a new leading global styrenics company called Styrolution
Company Information 12/01 2010 17:25
2010-11-30
P-10-501
Letter of intent signed for new joint venture with expected annual sales of more than €5 billion.
Planned joint venture will realize numerous benefits for customers in the styrenics business.
November 30, 2010 – BASF SE (Ludwigshafen, Germany) and INEOS Industries Holdings Limited (Lyndhurst, UK) have announced their intention to combine their global business activities in styrene monomers (SM), polystyrene (PS), acrylonitrile butadiene styrene (ABS), styrene-butadiene block copolymers (SBC) and other styrene-based copolymers (SAN, AMSAN, ASA, MABS) as well as copolymer blends into a new joint venture called Styrolution. A letter of intent was signed by the two companies on November 29, 2010. The establishment of the joint venture is subject to approval by the appropriate antitrust authorities.¡¡» Read More
New site agreement for Ludwigshafen site, BASF
Company Information 11/26 2010 16:59
2010-11-24
P-10-492
No forced redundancies through to end of 2015
Investments of €9 - 10 billion until 2015 to strengthen future of Verbund site
Package of measures to enhance flexibility in HR systems
Clear commitment to vocational training
Ludwigshafen , Germany – November 24, 2010 – BASF SE management and employee representatives today signed a new site agreement for the company¡Çs Ludwigshafen site. The agreement, titled ¡ÈSafeguarding the future through flexibility and operational partnership,¡É applies to the approximately 33,000 BASF SE employees at the site for the period from the beginning of 2011 to end of 2015. It replaces the site agreement from end of 2004 which expires at the end of this year.¡¡» Read More
BASF gears paper chemicals business toward growth markets
Company Information 11/15 2010 16:16
2010-11-11
P-10-472
Expansion of business structures in Asia planned
Production at Grenzach site to be adjusted
Job offers within BASF Group
Ludwigshafen - November 11, 2010. With a view to future growth markets for paper chemicals and dyestuffs in China, Indonesia and India, BASF's Paper Chemicals division will reorganize its global business structures. The business in optical brighteners for paper is to be exited in Europe, and it is planned to close the corresponding production operations at the site in Grenzach, Germany.¡¡» Read More