BASF extends additives cooperation with Saudi Arabia's Astra Polymers

05 July 2012 16:28  [Source: ICIS news]

LONDON (ICIS)--German chemicals major BASF and Saudi Arabia’s Astra Polymers have extended their cooperation for the production of plastics additives, they said on Thursday.

Under the deal, Astra Polymers operates BASF-owned production lines at Dammam, Saudi Arabia, to produce customer specific blends (CSB), which are sold by BASF.

The companies did not disclose financial or capacity details, and they did not say for how long the deal has been extended.

The cooperation goes back to a deal agreed in 2003 between Astra and Ciba Specialty Chemicals, a Swiss company which was later acquired by BASF.

BASF said that the cooperation with Astra adds considerable value to its capacities in the Middle East.

“[Astra’s] strong commitment to quality and growth supports the positioning of BASF as a market leader for CSB in the Middle East,“ said Frank Fasdernes, a regional BASF director of business management for plastic additives.

BASF will continue to cooperate with Astra even after the start-up later this year of a BASF CSB plant in Bahrain, Fasdernes added.  BASF announced construction of the 16,000 tonne/year antioxidants and CSB plant in 2011.

BASF's global production capacity for antioxidants and CSB, paired with Astra Polymers plant in Saudi Arabia, and BASF’s new facility in Bahrain, showed the company’s on-going commitment to growing markets in the region, Fasdernes said.

By: Stefan Baumgarten
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly