Waterloo, Belgium --BASF successfully completed its acquisition of parts of Ciech's TDI (toluene diisocyanate) business today, 11 March 2013.
The TDI production facility of Ciech's subsidiary Zachem, Poland, is not part of the transaction.
"With this acquisition, we are further developing our leading position in the isocyanates market," said Kenneth Lane,Senior Vice President, Global Strategic Marketing and European Polyurethane Basic Products. "Our highest priority now is focusing on a seamless integration for our customers and our employees."
BASF is a supplier of basic products for polyurethanes and operates TDI plants in Geismar, Lousiana; Yeosu, Korea; Caojing, China; Schwarzheide, Germany; and as of 2014 in Ludwigshafen, Germany.