Home / Knowledge / News / Textiles / BASF to focus on core assets of polyamide value chain
BASF to focus on core assets of polyamide value chain
18
Mar '08
BASF SE and INEOS Nitriles announced that they have reached an agreement for INEOS Nitriles to buy the Seal Sands site of BASF plc on Teesside in the United Kingdom. The acquisition is conditional on approval by the relevant competition authorities. The parties agreed not to disclose the acquisition price.

The BASF Group company BASF plc has approximately 240 employees at the site; a further 250 people are employed by contractors. All BASF plc personnel will be transferred to INEOS Nitriles, who will also take over existing contracts, supply and service arrangements.

The Seal Sands site operates large-scale production facilities for acrylonitrile (AN), adipodinitrile (ADN) and hexamethylenediamine (HMD), as well as for by-products. These chemical intermediates are used in the production of acrylic and polyamide (PA) fibers for clothing and carpets, as well as for acrylonitrile-butadiene-styrene (ABS) and PA plastics for the automotive, electric & electronics and domestic appliance industries.

HMD remains a key element in BASF's PA 6.6 value chain. For this reason, the HMD plant is excluded from the transaction. INEOS Nitriles will operate the HMD plant for BASF. The same applies for the ADN plant. ADN will be produced at Seal Sands until the plant is shut down at the end of 2008 as announced by BASF in June 2007. ADN is a starting material for HMD.

“We have an external supply agreement for ADN from 2009 onward. The sale of the Seal Sands site is part of our approach to focus on the core assets of our polyamide value chain,” said Dr. Harald Lauke, President of BASF Performance Polymers division.


Must ReadView All

US merchandise trade with India, 2012–16; Courtesy: USITC

Textiles | On 27th Jul 2017

India becomes US’ 9th largest trading partner in 2016

In 2016, India became the United States’ 9th-largest single-country...

Textiles | On 27th Jul 2017

GST will lead to further increase of MMF prices

The Goods & Services Tax (GST) rolled out on July 1, 2017 is not...

Textiles | On 27th Jul 2017

Global yarn production improved 30% q-o-q in Q1: ITMF

In the first quarter of 2017, global yarn production rose by almost...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X