BASF has sold its global photoiniti- ator business to IGM Resins B.V., Netherlands, a global producer
and supplier of radiation-curable material. High-performance photoinitiators
dedicated to specific needs of electronics customers are not part of the divest-ment, as the electronics industry is one
of BASF’s strategic focus areas, the company reported.
Photoinitiators are used in radiation-curing formulations in various industries.
Typical end-user applications are coatings for furniture and flooring as well as
inks for printing and packaging.
“This transaction allows BASF to focus on its core resins and additives technologies in the radiation-curing markets.
Furthermore BASF will continue to serve
the specific needs of the electronics industry with high-performance photoinitiators,” said Dr. Markus Kramer, president of
BASF’s Dispersions & Pigments division.
The transaction comprises business
assets including technology, patents and
certain trademarks, customer relationships and business-related contracts as
well as the company’s photoinitiator
production site in Mortara, Italy. The
transfer of the Mortara site and all of its
employees to the acquiring company is
expected to be completed shortly after the
consultations with local employee representatives. Approximately 120 employees
are affected globally. Both parties have
agreed not to disclose financial details of
the acquisition.
ALTANA’s ACTEGA Division
Invests Around € 10 Million
in its Research Site in
Grevenbroich
ACTEGA Rhenania GmbH is erecting a
new laboratory building in Grevenbroich,
Germany. The company, which belongs to
the specialty chemicals Group ALTANA,
is investing around € 10 million in the
new building. The foundation stone was
laid on August 18.
Encompassing a space of 5,700 square
meters, the new laboratory building of
ACTEGA Rhenania will be twice as large
as the site’s two current labs combined.
Research and development, quality control and service will be united here under
one roof.
Chromaflo Technologies
Awarded MFG’s Supplier of
the Year
Chromaflo Technologies was honored
with the Molded Fiber Glass’s 2016
Supplier of the Year Award. This award
is based on certain qualifications including best quality, technical support, on
time delivery and total cost. The MFG
Purchasing team selects the recipient out
of a total of 24 suppliers.
Keystone Aniline Acquires
UK-based Colour Synthesis
Solutions Limited
Keystone Aniline Corporation has announced the acquisition of Colour
Synthesis Solutions Limited (CSS) of
Manchester, UK.
Effective immediately, the CSS business will be integrated into the operations of Keystone Europe based in
Huddersfield, UK, a wholly-owned subsidiary of Keystone Aniline Corporation.
Colour Synthesis Solutions will remain in
Manchester and retain its own corporate
name and brand.
Clariant Achieves Best-in-
Class Rankings in 2016 Dow
Jones Sustainability Index
Clariant, a world leader in specialty
chemicals, was listed in the Dow Jones
Sustainability Index (DJSI) 2016, recognizing it as one of the most sustainable chemical companies for the fourth
consecutive year. The world renowned
sustainability index has ranked Clariant
among the top three percent of companies in its sector in both the DJSI Europe
and the DJSI World.
BASF Expands Global
Production Capacity of
Ultrason
BASF will set up an additional production line for Ultrason polyarylsulfone at
its site in Yeosu, Korea. The new line will
start up at the end of 2017, adding a production capacity of 6,000 metric tons per
year and bringing BASF’s total annual capacity of Ultrason to 24,000 metric tons.
BASF produces Ultrason in
Ludwigshafen, Germany and in Yeosu,
Korea. Following the start-up of the plant
in Korea in 2014, the company continues its commitment to supplying markets
globally with high performance thermoplastics. Both locations are designed to
produce the entire product range and
provide BASF with the flexibility to optimize supply capabilities to customers
around the world.
Emerald Kalama Chemical
Upgrades Logistics at
Kalama, WA Facility
Emerald Kalama Chemical, a business group of Emerald Performance
Materials, has completed key upgrades
to its logistics infrastructure at its facility
in Kalama, Washington (USA), where the
business manufactures K-FLEX plasticizers, Kalama benzoates and intermediates,
and Kalama flavor and fragrance ingredients. The upgrades will enhance service
and operational capabilities by streamlining logistics for customers worldwide.
The group’s Kalama site is one of three
Emerald Kalama Chemical manufacturing facilities worldwide. As Emerald
grows and demand for Kalama and
K-FLEX products increases, the site must
handle increased volumes of final product and incoming materials by sea, truck
and rail. As a result, the latest logistics
investment is designed to enable handling of larger quantities of final product. Upgrades include improvements to
docks, added truck loading facilities and
an additional rail line. CW
BASF Divests Global Photoinitiator
Business to IGM Resins
