BASF has acquired Huntsman’s
global toluene diisocyanate (TDI)
business.
In the accord, Huntsman will
transfer its TDI customer list and
sales contract to BASF, however manufacturing
operations and personnel
are not included. Financial terms of
the deal were not disclosed.
Huntsman and BASF will coordinate
efforts to facilitate an effective transition
of supply arrangements and
support services for Huntsman’s TDI
customers.
“BASF is committed to the global
TDI market and looks forward to
establishing a successful relationship
with Huntsman’s former customers
and supplying consistent, high-quality
TDI to them,” said Jean-Pierre
Dhanis, president of BASF’s
polyurethanes division.
BASF currently has TDI production
facilities in Geismar, LA;
Schwarzheide, Germany; Yeosou,
Korea and commencing in 2006, in
cooperation with Chinese partners, in
Caojing, China.