Communiqué de presse

Today, BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion. The transaction is expected to close in the third quarter of 2020, subject to the approval of the relevant competition authorities.

Ludwigshafen, Germany – December 19, 2019 – BASF as market leader for UV filters and ingredients used in sun care products, performs a range of production expansion activities for UV filters, so as to continue to support the global market demand and its global customer growth. Debottlenecking activities at the production sites Grenzach and Ludwigshafen were a first step and will lead to double digit percent increase of production capacities, e.g. for the value chains of Tinosorb^® S, Uvinul^® A Plus and Uvinul^® T150. 

Linde’s DRYREF™ syngas process in combination with BASF’s SYNSPIRE™ catalyst enable steam reforming of methane in dryer conditions and the use of CO₂ as feedstock, contributing to energy savings and improved CO₂ footprint. For this new technology, BASF and Linde Engineering have now received the ICIS Award 2019 for Best Process Innovation. ICIS (Independent Commodity Information Service) is the world’s largest petrochemical market information provider and each year an expert jury selects the winners of the prestigious Innovation Awards. 

Hong Kong SAR, China – December 17, 2019 – BASF today inaugurated the second phase of its new, world-scale antioxidants manufacturing plant at its Caojing site in Shanghai, China. The second phase comprises a synthesis plant to produce the antioxidants Irgafos^® 168 and Irganox^® 1076. With the completion of the second phase, the plant will have an annual capacity of 42,000 tons, mainly serving customers in China.

The MasterTop 1900 range, from the broad Master Builders Solutions^® portfolio of advanced flooring solutions, provides esthetic flooring systems that are particularly suitable for industrial areas. Part of the 1900 range, the innovative MasterTop 1912 system, meets the highest requirements regarding wear resistance, durability and visual appearance, and scores with low emission values. The unique high performance of the 1912 system is given by Master Builders Solutions’ Xolutec^TM technology. Xolutec^TM is the result of intensive research efforts and was developed for special construction materials used in areas characterized by high mechanical and thermal stress. The innovative technology ensures exceptional scratch, wear resistance and low dirt pick-up. MasterTop 1912 thus provides a resilient as well as visually attractive flooring solution particularly suitable for use in industrial areas such as production facilities, laboratories or warehouses.