BASF and Sabo enter into license agreement for light stabilizer Chimassorb® 2020
Ludwigshafen – October 1, 2013 – BASF announces today that it has entered into an agreement to license the Chimassorb® 2020 technology to SABO SpA.
Chimassorb® 2020, a highly successful innovation of BASF, combines exceptionally high UV and long-term thermal stability in applications such as polypropylene fibers and tapes. Demand for solutions based on Chimassorb® 2020 has been steadily increasing, and the technology will grow as the product of choice for many applications.
By granting a license to Sabo BASF responds to the need of customers world-wide for product availability and supply security of solutions based on Chimassorb® 2020.
About BASF Plastic Additives
The Plastic Additives business of BASF is a leading manufacturer, supplier and innovation partner of additives and pigments for the plastics industry such as ultraviolet (UV) light stabilizers, antioxidants and process stabilizers, organic and inorganic pigments, effect pigments, and other additives. Further information on additives on the Internet at www.plasticadditives.basf.com.
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.
Chimassorb® 2020 is a registered trademark of BASF SE