12 September 2012 10:44 [Source: ICB]
German chemicals major BASF and Saudi Arabia's Astra Polymers have extended their cooperation for the production of plastics additives, they said recently.
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 Polymers'] 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 director of business management for plastic additives at BASF.
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 ongoing commitment to growing markets in the region, Fasdernes said.
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