BASF Exchanges its Container Coatings Business for PPG's Surfactants Activities.MOUNT OLIVE Mount Olive is the name of several places: United States of America Cities and towns
PPG is an American manufacturer of glass and chemical products, including automotive safety glass. , Pittsburgh, have agreed to exchange parts of their respective operations. PPG PPG Points Per Game (basketball player statistic) PPG Power Play Goals (hockey) PPG Planning Policy Guidance (UK) PPG Programmable Pulse Generator PPG Power Puff Girls will purchase BASF's worldwide container coatings business. 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 will acquire PPG's worldwide surfactants business, which is focused on the USA and Europe. Total sales of each business is approximately US $150 million. The planned transaction still requires approval by the antitrust authorities in Europe and the USA. The container coatings business is part of BASF's Coatings Operating Division. In this area, BASF develops, produces and markets coatings for metal packaging, including the necessary printing inks and sealants for jar and bottle closures. BASF has production sites for container coatings in Germany, France, the Netherlands, Italy, the USA, Mexico, Brazil and the Philippines, and sales companies in Great Britain, Spain and Canada. Development centers are located in Germany, the USA and Brazil. In this transaction, PPG will acquire production sites for container coatings in Tiel, the Netherlands, and Barazante, Italy, as well as the marketing and technical center in Milford, Ohio (USA). PPG will take over technical staff at Milford as well as sales and technical service employees in Europe and at the production sites in Barazante and Tiel. PPG produces coatings, glass, fiberglass and chemicals. In 1996, PPG achieved worldwide sales of about US $7.2 billion. The planned acquisition of BASF's container coatings activities by PPG will provide good, long-term prospects for this business and its employees worldwide. "BASF is committed to the worldwide coatings industry and we expect to grow and prosper in the NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's region," said Frank McKulka, president of BASF Corporation's Coatings and Colorants Division. "We will strive to strengthen the market position of our core businesses, which include automotive OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and coatings, automotive refinishes, industrial coatings, colorants and textile/leather chemicals." Strengthening BASF's Surfactants Business For BASF, the proposed acquisition of PPG's surfactants business means a significant strengthening via diversification of its product portfolio and will ensure a better international market presence. Particularly in the NAFTA region, BASF's strategic position will greatly improve. Surfactants are mainly used in detergents and cleaning products. They also find application in the production of auxiliaries for the paper, leather and textiles industries as well as in water treatment and metal working. BASF is a leader in the European surfactants business. The company operates surfactant Surfactant Definition Surfactant is a complex naturally occurring substance made of six lipids (fats) and four proteins that is produced in the lungs. It can also be manufactured synthetically. production sites in Europe (Ludwigshafen, Germany and Antwerp, Belgium), and in the USA (Whitestone, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. and Washington, New Jersey
Washington is a borough in Warren County, New Jersey, United States. As of the United States 2000 Census, the borough population was 6,712. ) with a total capacity of more than 200,000 metric tons per year. The capacity of the plant at Antwerp is currently being increased by 25,000 metric tons per year. PPG has four production sites for surfactants in the USA (located in Gurnee, Ill.; Folcroft, Pa.; Appleton, Wis.; and Clear Lake, Texas) and one each in Great Britain, Belgium and France. According to the agreement, these sites will be acquired by BASF. "The acquisition will provide us with improved access to other market areas, such as foods, personal care products and coatings. In addition, we will benefit from the backward integration Backward Integration A form of vertical integration that involves the purchase of suppliers in order to reduce dependency. Notes: A good example would be if a bakery business bought a wheat farm in order to reduce the risk associated with the dependency on flour. of PPG's surfactants into our value chain that is based on ethylene oxide ethylene oxide Occupational medicine A gas used to sterilize medical supplies and other materials and propylene oxide propylene oxide a gas used to disinfect animal feeds. ," said L. Wayne Hill, Group Vice President, Specialty Chemicals, Chemicals Division, BASF Corp. "Over the next few weeks, we will decide how best to integrate the two businesses. During the integration process, our top two priorities are not to disrupt supply and service to our customers, and to integrate the new business into BASF as smoothly and quickly as possible," he added. BASF Corp., headquartered in Mount Olive, is the NAFTA region member of the BASF Group. With sales of $6.3 billion in 1996, BASF Corp. is among the top ten producers of chemicals and related products in the United States, Canada and Mexico. Its diversified product mix includes chemicals, polymers, automotive coatings, colorants, pharmaceuticals, nylon fibers and agricultural chemicals. CONTACT: BASF David Elliott/Felix Gress 973/426-2843 Fax: 973/426-2856 E-mail: elliotd1@basf.com Web Site: http://www.basf.com |
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