By Liz White, UT staffLehigh Valley, Pennsylvania-Air Products is examining the sale of its Amines and Polymers businesses and plans to restructure its Polyurethane Intermediates business. The group is also selling its dinitrotoluene (DNT) facility in Geismar, Louisiana, to BASF Corp. for $155 million. In a 22 March announcement, Air Products said its strategy would also involve investing in its Performance Materials business with the $115 million acquisition of speciality surfactants producer Tomah3 Products. "These actions will enable the company to further sharpen its focus on its four growth platforms: Energy and Process Industries, Electronics, Homecare, and Performance Materials, as well as its position in the Asia region," said a company statement. "The initiatives we have announced today are consistent with our growth strategy and reflect the discipline of our ongoing portfolio management process. These actions will make Air Products a more focused, less cyclical, and higher growth company," said John Jones, Air Products' chairman and chief executive officer, in the announcement. "When these actions are completed, our growth businesses will make up over 60 percent of our overall annual revenues, up from just 35 percent in 2000," Jones added. Air Products' Amines business generated about $300 million in revenues in 2005, and has two US production facilities and one in Brazil. The consolidated Air Products Polymers joint venture with Wacker Chemie AG of Germany had about $550 million in 2005 revenues with six manufacturing facilities, four in the US, one in Korea and one in Germany. Air Products also said it has agreed in principle to sell its Geismar dinitrotoluene facility to BASF Corp for $155 million. Regulatory approval has been given and the deal is expected to close by the end of the month, subject to finalization of documents. The transaction does not include Air Products' Pasadena, Texas, polyurethane intermediates facility, which continues to operate. "