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


Metabolix to sell its biopolymer assets in $10 million deal

WOBURN, US: Metabolix Inc, a bioplastics technology development company has entered into a binding letter of intent (LOI) with CJ CheilJedang Corporat ...

Read more
Green Plains to acquire three ethanol plants in US

OMAHA, US: Green Plains Inc, a producer of ethanol fuel said that it will acquire three ethanol plants of Abengoa Bioenergy. The company will purchase ...

Read more
Westlake Chemical ends credit agreement

HOUSTON, US: Westlake Chemical Corporation announced the completion of a new $1 billion unsecured revolving credit agreement. This new revolving credi ...

Read more
Orica, Yara opens world’s first ammonium nitrate plant in Australia

PILBARA, AUSTRALIA: Orica Limited and Yara International ASA has officially opened Yara Pilbara Nitrates technical ammonium nitrate (TAN) manufacturin ...

Read more
Mosaic appoints KRW Advisors’ president to its board

PLYMOUTH, US: The Mosaic Company said that Kelvin Westbrook, president and CEO of KRW Advisors LLC, has been elected to the company's board of directo ...

Read more
K+S appoints current CFO as its new chairman

KASSEL, GERMANY: K+S AG has appointed Dr Burkhard Lohr as the company’s new chairman of the executive board of directors, the 53-year-old curren ...

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