BASF and Solenis complete combination of their paper and water chemicals businesses

01-Feb-2019 - Following the approval of all relevant authorities, BASF and Solenis have completed the transfer of BASF’s paper wet-end and water chemicals business to Solenis as announced in May 2018. Effective February 1, 2019, the combined business will operate under the Solenis name and offer increased ...

BASF and Solenis to join forces by combining paper and water chemicals businesses

BASF to hold a 49% share of the combined entity

04-May-2018 - On May 2, 2018, BASF and Solenis have signed an agreement to join forces by combining BASF’s paper wet-end and water chemicals business with Solenis. The combined entity with pro-forma sales of around €2.4 billion and around 5,000 employees in 2017 aims to deliver additional value for paper and ...

BASF finalizes the divestiture of its Pischelsdorf production site in Austria

05-Feb-2018 - BASF has completed the announced divestiture of the production site for styrene-butadiene-based paper dispersions in Pischelsdorf, Austria to Synthomer Austria GmbH, a subsidiary of the British specialty chemicals manufacturer Synthomer plc. Consent by the competent antitrust authorities has been ...

BASF concentrates European production of paper coating dispersions in Ludwigshafen and Hamina

Divestiture of BASF production site for paper coating dispersions in Pischelsdorf, Austria

28-Sep-2017 - BASF will concentrate the production of paper coating dispersions in Europe at two sites, the Ludwigshafen Verbund site and the Hamina site in Finland. The goal is to strengthen BASF’s ability to compete in the challenging market environment of paper coating dispersions in the long term. As a ...

BASF to reorganize its paper, water, oilfield and mining businesses

12-Nov-2015 - BASF is reorganizing its paper, water, oilfield and mining businesses within the Performance Chemicals division to foster customer and industry focus and increase competitiveness. In the Water Solutions and Paper Chemicals businesses cost leadership, operational and commercial excellence as well ...

AkzoNobel completes divestment of Paper Chemicals business

05-May-2015 - AkzoNobel has finalized the €153 million divestment of its global paper chemicals business to Kemira. The deal was first announced in July 2014."This is another important step in our strategy to focus on leading positions in bleaching chemicals, colloidal silica and expandable microspheres," says ...

AkzoNobel to divest 50 percent stake in Eka Synthomer Oy joint venture

24-Oct-2014 - AkzoNobel announced the €5 million divestment of its 50 percent share in non-consolidated joint venture Eka Synthomer Oy, to Synthomer. The divestment of these shares follows a strategic review of the businesses within AkzoNobel's portfolio.Commenting on the transaction, Niek Stapel, Managing ...

BASF reorganizes its paper chemicals business

26-Sep-2014 - BASF is changing the organizational set-up of its paper chemicals business to strengthen its competitiveness and better meet the needs of the paper industry. As of January 1, 2015, the Paper Chemicals division will be dissolved. The current headquarters of the Paper Chemicals division in Basel, ...

AkzoNobel to divest Paper Chemicals business to Kemira for €153 million

09-Jul-2014 - AkzoNobel announced the intended sale of its global Paper Chemicals business to Kemira for €153 million. Paper Chemicals is part of the company's Pulp and Performance Chemicals business and generated annual revenue of €243 million in 2013.The intended sale of Paper Chemicals follows a strategic ...

BASF increases competitiveness of its Performance Products segment through restructuring in its paper chemicals business

Reduction of 250 positions globally by end of 2015

27-Jan-2014 - BASF is implementing a series of measures in its paper chemicals business to further strengthen the competitiveness of its Performance Products segment. In response to decreasing market demand BASF is adjusting capacities in its European latex manufacturing network and will shut down an annual ...