Hong Kong – BASF and Sanyo have signed a memorandum of understanding to jointly develop polyurethane dispersions.
PUDs are widely used to make synthetic leather for automotive interiors, consumer goods and footwear.
According to Sylvain Huguenard, BASF’s vice president for resins and additives in Asia Pacific, customers are looking for sustainable solutions to comply with local regulations or to meet their corporate responsibility goals. ‘This collaboration will allow both parties to reduce time-to-market of their new technologies and to accelerate conversion to water-based systems,' he said.
‘Leveraging the market reach and production assets of a global player like BASF is a significant milestone for Sanyo Chemical’s PUD business,' said Masahiro Harada, managing executive officer and general manager of Sanyo Chemical’s business planning division.