BASF AG, Ludwigshafen, Germany, and Toray Industries, Tokyo, Japan, jointly announced that they have agreed to form a 50-50 joint venture for the production of polybutadiene terephthalate (PBT) base resin to supply the rapidly growing Asian market for this engineering plastic.BASF AG BASF AG German chemical and plastics manufacturing company. Founded in 1865, BASF (the full German name means “Baden Aniline and Soda Factory”) was part of the chemical cartel IG Farben from 1925 until 1945, when the latter was dissolved by the Allies. , Ludwigshafen, Germany, and Toray Industries, Tokyo, Japan, jointly announced that they have agreed to form a 50-50 joint venture for the production of polybutadiene terephthalate Ter`eph´tha`late n. 1. (Chem.) A salt of terephthalic acid. (PBT PBT Provider Backbone Transport (networking technology adding determinism to ethernet) PBT Polybutylene Terephthalate PBT Profit Before Tax PBT Paper Based Test (education) ) base resin to supply the rapidly growing Asian market for this engineering plastic. The newly formed company, Toray BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida PBT Resin Sdn. Bhd., will build a world-scale PBT plant with an annual capacity of 60,000 mt at BASF's Verbund site in Kuantan, Malaysia. Construction will start in the middle of this year, and the plant is scheduled to come on stream at the beginning of 2006. The total investment for the plant is approximately $40 million. |
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