BASF to sell Chemische Fabrik Wibarco to Hansa Chemie
16 Apr '07
2 min read
"The existing LAB plant and the planned construction of a sulfation plant in Ibbenbüren will strengthen our market position in surfactants. The skills and experience of Wibarco's employees are a crucial competitive advantage for us," said Khodayar Alambeigi, President of HCI's Administrative Board.
Wibarco is part of BASF's Performance Chemicals division, which produces and markets a broad range of high-value chemicals for use in a variety of industries. In 2006, the Performance Chemicals division posted sales of €3.3 billion.
Chemische Fabrik WIBARCO GmbH was founded in 1969 by Wintershall AG, Elektro-Chemie Ibbenbüren and Atlantic-Richfield-Company. A large-scale plant for LAB started operations in 1970. Wintershall AG, a BASF Group company, acquired the shares of Atlantic-Richfield-Company and Elektro-Chemie Ibbenbüren in Wibarco in 1973 and transferred them to BASF in 1989.