Investment addresses increasing global demand for long-life lubricants
Based on polyethersulfone, it is suitable for complex-shaped components in cars, airplanes and trains
Complements own crop protection, biotech and digital activities
BASF to hold a 49% share of the combined entity
Exceed analyst estimates significantly
Acquisition complements BASF’s crop protection business
Backward integration into key raw materials for engineering plastics to be enhanced
To develop a new tool to maximize the service life of plastic products by precisely matching plastic additives to the predicted intensity of ultraviolet (UV) radiation
Capacity at Schwarzheide, Germany, increased by 70,000 tons per year for engineering plastics