BASF Middle East and Astra Polymers reinforce cooperation
BASF plastic additives Middle East and Astra Polymers have signed a new contract that will see the two companies continue to work together to produce Customer SpecificBlends (CSB) in the Kingdom of Saudi Arabia (KSA). This cooperative agreement combines the expertise of the two companies, bringing two complementary form-giving technologies for additive blends to customers in the region. This will position BASF to maintain its leadership position in the plastic additives market in the Middle East.
John Frijns, Senior Vice President, BASF Plastic Additives Europe/EAWA and Bandar N. Al-Saqer, Chief Executive Officer, Astra Polymers.
BASF FZE
Astra Polymers has for several years operated BASF-owned production lines at its Dammam premises, producing CSB. BASF Plastic Additives Middle East markets and sells the CSB.
Says Frank Fasdernes, Director Business Management Plastic Additives for Africa, Eastern Europe, Western Asia: "Astra Polymers has proven its capabilities as a partner to BASF in the production of CSB. Its strong commitment to quality and growth supports the positioning of BASF as a market leader for CSB in the Middle East. With the launch of our production facility inBahrain in quarter 4 of 2012, we will continue to cooperate with Astra Polymers as our partner in KSA to produce CSB."
At a ceremony in Dammam earlier this month Astra Polymers, BASF Plastic Additives Middle East and BASF Switzerland AG signed a long term contract to extend their existing production cooperation agreement in the field of plastic additives.
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