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

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Eastman Chemical expanding Tritan co-polyester capacity

March 27, 2015 10:00 am ET

Eastman Chemical Co.'s Tritan-brand co-polyester business continues to grow, with 35 million pounds of capacity added late last year and a second...    More

Image

PolyOne's Patterson focused on keeping the momentum going

March 27, 2015 9:30 am ET

New PolyOne CEO Robert Patterson sees a lot of good things when he looks at his company, which ranks as North America's largest compounder and...    More

Image

Improvements to Radici's nylon line takes it into more applications

March 27, 2015 9:00 am ET

Radici Group, the Italian-headquartered materials firm, outlined the benefits of its Radilon and Radistrong nylon products at NPE 2015.    More

Sun Plastech, Plastics Color Corp. note major milestones at NPE

March 27, 2015 9:00 am ET

Sun Plastech Inc. and Plastics Color Corp. — two well-known materials firms — are marking anniversaries at NPE 2015.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events