BASF scraps plastic additives jv plans with Astra Polymer in Middle East

摘要

BASF and Astra Polymer Compounding Co Ltd. of Saudi Arabia have decided to discontinue plans for a joint venture to produce customer specific antioxidant blends (CSB) in the Middle East region. The joint venture plans were based on an agreement between Astra Polymer and the plastic additives business of former Ciba AG which has been acquired by BASF in 2009. However, BASF clarified that the termination of the joint venture plans would have no impact on the existing tolling agreement between the companies to produce customer specific antioxidant blends for the region.