BASF and French DOMO Chemistry For the establishment of a joint venture for the production of Ji Dievic acid
It is worth noting that this agreement also includes BASF and French DOMO Chemistry to establish a joint venture for production. According to the signed in September 2017, Agreement, BASF will acquire the global polyamide 6.6 business other than Europe, including Solvid’s joint venture factory Butachimie in the French joint venture factory. The end of the year, provided that the transactions between Daomo and Solvi were approved and the relevant competition regulatory agencies were approved.
BASF intends to acquire Solvi in \u200b\u200bGermany, France, China, India, South Korea,,, South Korea,,, A total of eight production bases in Brazil and Mexico. BASF and Daomo chemistry also plans to set up joint ventures in France to produce their own acid. In addition, Solvi is located in three R \u0026 D centers in South Korea, China and Brazil, as well as Europe, Asia, and Asia, Asia, and in Europe, Asia, and Asia and Asia Six technical consulting centers in North America and South America will be transferred to BASF name.
BASF’s purchase price paid on the basis of cash -free and debt -free. The sales of related businesses related to Solvi in \u200b\u200b2018 are about 1 billion euros. About 700 Solvid employees will transfer to BASF after the transaction is completed. BASF and Daomo’s joint venture to be established in France will hire contracts 650 employees. BASF plans to integrate the business of the acquisition into the single and characteristic material business department.
This acquisition will help BASF better enter the important growth market in Asia and South America to promote the promotionEntry close cooperation with local customers.The BASF Engineering Plastic Product Line and Product Combination will also be strengthened to further consolidate BASF’s position as a supplier of innovation solutions for transportation, construction and consumer goods industry.By integrating the upstream key raw materials, such as the second (ADN), BASF will strengthen the polyamide 6.6 value chain, thereby further improving the ability to produce polymer.