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


Newly developed material adapt to mimic its surroundings

HOUSTON, US: Researchers have developed a technology that allows a material to automatically read its environment and adapt to mimic its surroundings. ...

Read more
AkzoNobel to build decorative paints facility in China

CHENGDU, CHINA: AkzoNobel broke ground on its new decorative paints site in Chengdu, capital city of Sichuan Province, China. The facility is part of ...

Read more
Researchers develop ‘transparent’ solar concentrator

MICHIGAN, US: A research team at Michigan State University has developed a new type of solar concentrator that when placed over a window creates solar ...

Read more
Jacobs completes construction of Huntsman’s iron sulfate plant in Italy

PASADENA, US: Jacobs Engineering Group Inc completed Huntsman Pigments’ new €38 million iron sulfate plant at its titanium dioxide (TiO2) p ...

Read more
Kemira, Wilmar terminate alkyl ketene dimer wax JV in China

HELSINKI, FINLAND: Kemira Oyj and Wilmar International Limited have mutually agreed to terminate the joint venture agreement for the manufacture of al ...

Read more
“Green building” helps improve health of people, finds new study

WASHINGTON DC, US: The “green building” trend is often associated with helping the environment by using eco-friendly materials and energy- ...

Read more
Copyright © 2014. Kimberlite Softwares Pvt. Ltd., India. All rights reserved.
World of Chemicals.