12 March 2012 07:00 [Source: ICIS news]
SINGAPORE (ICIS)--German chemicals major BASF said on Monday it will merge its Japan-based construction chemicals business BASF Pozzolith with BASF Japan effective 1 July this year.
“We aim to create added value as one company,” said Tomoyoshi Naruo, the president of BASF Japan.
“The combination of BASF Pozzolith into BASF Japan will help us integrate R&D expertise, market knowledge and customer relationships,” Naruo added.
Japan-based BASF Pozzolith supplies a full range of construction chemicals, including concrete admixture products, as well as a variety of building construction materials.
Financial details of the merger were not revealed in the statement.
In 2011, BASF achieved sales of €18.0bn ($23.7bn) to customers in ?xml:namespace>
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