BASF acquires SISAS Group's operations in Feluy, Belgium
BASF Antwerpen N.V., Belgium, has acquired the activities of the Italian SISAS Group in Feluy, Belgium, as of December 29, 2000. The production includes phthalic anhydride (PA), plasticizers, maleic anhydride, bio-diesel, butanediol as well as butanediol derivates. The deal still has to be approved by the European Commission in Brussels.
Through this acquisition, BASF will to strengthen its position in the European market for butanediol and its derivatives, as well as in PA and plasticizers. The deal involves annual production capacities of 92,000 metric tons of PA, 125,000 metric tons of butanediol (including butanediol derivatives and the precursor maleic anhydride) and 95,000 metric tons of plasticizers at the Feluy site.
Phthalic anhydride is used in the manufacture of plasticizers and polyester resins. Butanediol and its derivates are used in a number of plastics, special solvents as well as in elastomers. Elastomers are elastic plastics used in the automobile, shoe, packaging and electrical industries.
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