BASF sell CONICA sports surfaces business

Media

BASF to sell CONICA sports surfaces business

4:58 AM, 29th March 2012
BASF to sell CONICA sports surfaces business
BASF headquarters in Germany.

SCHAFFHAUSEN, SWITZERLAND: BASF is planning to sell its CONICA Sports Surfaces business area. The intention is to divest the site at Schaffhausen along with the business in order to create the conditions for the retention of jobs. Furthermore, production and production-related services for other product lines currently based at Schaffhausen will be transferred to another BASF site. BASF now employs some 150 people at Schaffhausen.

The CONICA Sports Surfaces business area includes the development, production and marketing of surface systems for running tracks, gymnasia, tennis courts and playgrounds as well as solutions for artificial turf and molding binders. Other BASF products from Schaffhausen are mainly special flooring systems, in particular for public and industrial buildings, sealants and special polyurethane products. Their production will be reorganized in order to further boost the competitiveness of this business area.

“We have a strong position with CONICA Sports Surfaces in the European home market. However, growth opportunities for sports surfaces are mainly to be found outside Europe. Furthermore, there are only few synergies with other BASF business areas that we can use to further expand the business. This is why we want to sell CONICA Sports Surfaces to a new owner who can offer the best possible chances for a long-term, profitable growth of the business,” said Dr Tilman Krauch, Head of Construction Chemicals Division, BASF.

© WOC News 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


IFF invests in Bio ForeXtra to expand raw material access

NEW YORK, US: International Flavors & Fragrances Inc (IFF) said that its business unit IFF-Lucas Meyer Cosmetics (IFF-LMC) has made a strategic in ...

Read more
Westlake restarts Calvert ethylene unit following mechanical failure

HOUSTON, US: Westlake Chemical Corporation said that its Calvert City, Kentucky (US) complex is in the process of restarting. This follows an unexpect ...

Read more
Researchers determine key improvement for fuel cells

PULLMAN, US: Washington State University (WSU) researchers have determined a key step in improving solid oxide fuel cells (SOFCs), a promising clean e ...

Read more
Arlanxeo’s new elastomer for wind turbines

DUSSELDORF, GERMANY: Arlanxeo Holding BV’s high performance elastomers business unit introduces a halogen-free ethylene-vinyl acetate synthetic ...

Read more
Stolt-Nielsen to acquire chemical tanker operations of Jo Tankers

LONDON, UK: Stolt-Nielsen Limited (SNL) has agreed to acquire the chemical tanker operations of Jo Tankers, located in Bergen, Norway. The transaction ...

Read more
ChemChina to acquire 40 pc stake in Adama for $1.4 billion

BEIJING, CHINA: China National Chemical Corp (ChemChina) has agreed to buy 40 percent stake in crop protection firm Adama Agricultural Solutions Ltd f ...

Read more
Copyright © 2016. Kimberlite Softwares Pvt. Ltd., India. All rights reserved.
World of Chemicals.