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

Oxford Polymers adds compounding capacity

January 30, 2015 1:16 pm ET

Materials maker Oxford Polymers has increased its compounding capacity by installing a new single-screw extrusion line.    More

Image

Marval's next generation expands capacity

January 30, 2015 1:27 pm ET

MAMARONECK, N.Y. — There’s a lot of history at Marval Industries Inc., but the 59-year-old compounding firm also is looking toward the...    More

Image

French investment firm buys Alabama-based CSP Technologies

January 30, 2015 1:10 pm ET

A French investment firm has finalized a deal to buy CSP Technologies Inc., an Auburn, Ala., company that makes specialty plastics packaging.    More

Image

Lubrizol buys Brazil-based coatings technology manufacturer

January 30, 2015 11:50 am ET

Specialty chemicals company Lubrizol Corp. of Wickliffe, Ohio, said it has acquired a Brazilian company that makes coatings technology for products...    More

Image

2014 sees modest sales increase, but profit decrease, for Dow Chemical

January 29, 2015 4:20 pm ET

UPDATED — Dow Chemical Co. delivered modest sales growth in 2014, but the firm's profit took a tumble.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

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

More Events