BASF selling PVC modifier business to Kaneka

By Frank Esposito
Senior Staff Reporter

Published: December 5, 2013 4:44 pm ET
Updated: December 5, 2013 4:45 pm ET

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers
Companies & Associations BASF SE

BASF SE is selling its Vinuran-brand PVC modifier business to Japanese materials maker Kaneka Corp. for an undisclosed price.

The sale includes intangible assets and inventory, but not production assets or employees, BASF officials said in a Dec. 5 news release. BASF makes Vinuran at its headquarters site in Ludwigshafen, Germany.

Vinuran is an acrylate-based PVC modifier which is used with PVC in weatherproof panels, films and profile sections in the construction market. Officials said Vinuran “is not a core business” for the firm but that it “represents a good strategic fit” for Osaka-based Kaneka.

The sale “allows BASF to focus on growth of its acrylate-based dispersions portfolio,” they added.

The deal wraps up a busy year for BASF in which the firm reorganized its plastics business into four separate units and opened a new resin blending plant in Bahrain. The firm also spotlighted several major innovations at the K show in Düsseldorf, Germany, including Infinergy, a thermoplastic polyurethane foam that’s being used in Energy Boost running shoes made by Adidas.

By the end of the year, BASF will have begun production on two new plastic products. AIM Filtertec is using BASF technology to make Steron-brand polyurethane/silicon fabric at a new plant in Pune, India. While in Lemforde, Germany, BASF will begin production of a PU foam insulation panel for the construction market.

Through September, BASF’s total sales were up three percent vs. the year-ago period to 55.8 billion euros ($72.6 billion), but the firm’s nine-month profit fell almost 4 percent to 3.7 billion euros ($4.8 billion).

BASF ranks as one of the world’s largest makers of chemicals, specialty plastics and plastic additives. The firm employs more than 110,000 worldwide and posted sales of almost $94 billion in 2012.


Comments

BASF selling PVC modifier business to Kaneka

By Frank Esposito
Senior Staff Reporter

Published: December 5, 2013 4:44 pm ET
Updated: December 5, 2013 4:45 pm ET

Post Your Comments


Back to story


More stories

Image

Pregis Corp. to get new owner

April 22, 2014 11:44 am ET

The private equity owner of Pregis Corp. is selling off its North American operations for an undisclosed sum.    More

Two Eastman buildings among 10 biggest energy savers in national contest

April 22, 2014 11:35 am ET

Two offices at the headquarters of Eastman Chemical Co. in Kingsport, Tenn., ranked in the Top 10 for energy efficiency in the latest Energy Star...    More

Image

Material Insights: Shell Chemical meets with residents

April 21, 2014 2:16 pm ET

Power outage at a PE plant and the return of a PVC feedstock plant after a fire on this week's Material Insights.    More

DuPont: Asia's food packaging market at a major transition point

April 21, 2014 1:26 pm ET

DuPont Co. touted its packaging innovations and applications, and updated the firm's commercial status at a media event two days before the Chinaplas ...    More

Officials warn China's PVC overcapacity will only get worse

April 21, 2014 3:47 pm ET

Despite worsening overcapacity, China still imports a million tons of PVC.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events