BASF plans to sell construction chemicals business this year

BASF | February 13, 2019

German firm BASF will commence the divestment of its construction chemicals business this year in a bid to streamline its product portfolio and operations. Valued at almost €3bn ($3.4bn), the construction chemicals unit produces additives to make concrete for small to mid-size builders. BASF acquired the construction chemicals business from Degussa in 2006 for nearly €2.7bn, including debt. Its concrete products were used to construct railway tunnels in Switzerland and London’s Elizabeth Line. The unit has also supplied concrete repair fillers, grouts and sealants to various customers. However, the business has registered slow growth, which compelled BASF to consider divestment opportunities. In addition, the business does not align with BASF’s business strategy of focusing on large industrial clients. Plans to sell the unit were first divulged in October last year, when BASF CEO Martin Brudermueller announced that the company was exploring divestment options to increase the company’s share price.

Spotlight

Worldwide polyethylene capacity is seen to grow from 108.3 million mt in 2016 to 150 million mt by 2027, with around 10 million mt of speculative capacity included into our forecasts post 2024. Platts Analytics expects production to grow from 93 million mt in 2016 to 133.6 million mt by 2027. Global operating rates are expected to average 85.3% in that time period. However, during the period of excessive capacity additions led by the US, China and Iran between 2017 and 2023, rates are expected to average just below 83%, dropping to as low as 81.9% in 2020 to balance the market.

Spotlight

Worldwide polyethylene capacity is seen to grow from 108.3 million mt in 2016 to 150 million mt by 2027, with around 10 million mt of speculative capacity included into our forecasts post 2024. Platts Analytics expects production to grow from 93 million mt in 2016 to 133.6 million mt by 2027. Global operating rates are expected to average 85.3% in that time period. However, during the period of excessive capacity additions led by the US, China and Iran between 2017 and 2023, rates are expected to average just below 83%, dropping to as low as 81.9% in 2020 to balance the market.

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Metal Finishing Technologies, LLC Receives Nadcap Accreditation for Passivation (Chemical Processing)

Metal Finishing Technologies | July 17, 2021

"We are excited and pleased to add NADCAP passivate to our growing list of industry-leading quality certifications. Passivation was the natural next step after gaining NADCAP Certification for Sulfamate Nickel Chemical Processing in 2020, based on customer input about expanding our existing product offerings. It supports our industry-leading quality certifications and operational standards, such as AS 9100D, ISO 9001, and our FAA 145/EASA repair station certificate. We want to carefully acquire more NADCAP certifications to continuously adapt to and fulfill our clients' most pressing requirements, "Skip Griffin, Vice President of Operations, said Metal Finishing Technologies, LLC was awarded Nadcap accreditation for showing its continued commitment to quality by satisfying customer and industry specifications. About Metal Finishing Technologies, LLC Metal Finishing Technologies, LLC, a Battle Investment Group Company, is a nationally known and leading provider of finishing, coating, and coating removal solutions for the aerospace and defense industries and other industrial markets. The company holds numerous quality and customer certifications, including ISO 9001, AS9100-D, FAA and EASA certified Part 145 repair station, and Nadcap® for chemical processing. MFT provides processes such as Cadmium, Zinc Nickel, Passivation, Electroless Nickel, and Nickel Sulfamate to many of the major OEMs in the aerospace and military industries. The company operates from a 72,000 square foot environmentally friendly and award-winning state-of-the-art facility. MFT is controlled by strict quality control processes, a leading Green Strategy, and systems that span all of its service offerings.

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U.S. Chemical Production Grows For Fourth Straight Month In October

U.S. Chemical | December 07, 2020

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AMP Robotics and Waste Connections Reach Recycling Technology Milestone

AMP Robotics and Waste Connections | June 29, 2022

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