BASF, Nexam together develop new crosslinkable Nylon 66 initiating product commercialization

BASF, Nexam develop crosslinkable Nylon 66

7:48 AM, 13th February 2014
BASF, Nexam together develop new crosslinkable Nylon 66

LUND, SWEDEN: BASF and Nexam have successfully developed a new crosslinkable Nylon 66 and have now agreed to initiate the commercialization phase for this compound. Nexam has awarded BASF temporally limited market exclusivity for approximately two years for a compound consisting of Nylon 66 and Nexam’s crosslinker. The exclusivity is conditioned upon certain annual minimum purchases of Nexam’s crosslinker by BASF.

“We are delighted to announce that BASF now intends to start commercialization of a compound containing Nexam’s crosslinker. As a sign of the close cooperation between our companies and our joint intention to commercialize the product developed, BASF has been given a market exclusivity conditioned upon that they purchase a set minimum amount of the required crosslinker from Nexam,” said Per Palmqvist Morin, CEO, Nexam.

“The volumes agreed in order for BASF to retain its market exclusivity equates to sales for Nexam of approximately SEK 10 ($ 1.5 million) million for the first 15 month period and SEK 50 million ($7.7 million) for the next coming 12 month period, based on today’s prices. This agreement is an important stepping stone for Nexam. It clearly indicates that we now start to move from a development company into a commercial operation. We are satisfied to see that our cooperation with BASF now starts to bear fruit,” added Morin.

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