BASF in talks to sell Aust engg plastics compounding unit

21 February 2002 02:18  [Source: ICIS news]

SINGAPORE (CNI)—BASF is attempting to sell its engineering plastics compounding facility at Melbourne, Australia, CNI was told on Thursday.

Local media, quoting BASF’s president of Southeast Asia operations, Werner Burgert, reported that the sale will be completed in the next few months.

The proposed divestment would be part of a restructuring of the German major's Australian operations. In November last year, BASF sold its Australian polypropylene (PP) compounds business to Basell for an undisclosed amount. Basell is a joint venture between BASF and Shell.

However, a BASF spokesman said that this proposed divestment would be to an outside party rather than Basell. He would not comment further on the negotiations.

High performance polymers compounded at the facility include Ultramid and Ultradur. Product from the plant is supplied to the Australian and New Zealand markets.

Ultradur is the trade name for BASF's partly crystalline, thermoplastic saturated polyester based on polybutylene terephthalate (PBT). It is used as a material for high-quality, highly stressed engineering parts in a wide variety of industrial sectors.

Ultramid grade is a polyamide moulded composition based on PA 6, PA 66 and various copolyamides, such as PA 6/66 and PA 66/6, and also partly on aromatic polyamides.

By: Iqbal Anand
+65 6780 4359

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