BASF and DuPont plan joint venture in Asia.MOUNT OLIVE Mount Olive is the name of several places: United States of America Cities and towns
The joint venture underscores the long-term commitment of both companies to the Asian nylon market. The companies will be equal partners. Werner Burgert, executive vice president of 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 Corporation and president of the company's worldwide Fiber Products Division, said the join venture will combine each firm's technical and manufacturing know-how and marketing skills. "The joint venture will represent a major cornerstone of the buildup build·up also build-up n. 1. The act or process of amassing or increasing: a military buildup; a buildup of tension during the strike. 2. of our nylon value chain in Asia," he added. "It will enable us to not only defend our global leadership position in caprolactam Caprolactam is an organic compound which is a cyclic amide (or lactam). The primary industrial use of caprolactam is as a monomer in the production of nylon. Most of the caprolactam is synthesised from cyclohexanoxime by a Beckmann rearrangement. and nylon 6, but also strengthen our core business in the fast-growing Asian market." "This joint venture will build the world's most competitive nylon intermediates plant, changing the competitive landscape for nylon for the next quarter century," said Eduard J. VanWely, vice president/general manager, DuPont Nylon Worldwide. "It links well with our new adipic acid a·dip·ic acid n. A white crystalline dicarboxylic acid, C6H11O4, that is derived from oxidation of various fats, slightly soluble in water and soluble in alcohol and acetone, and used especially in the manufacture of plant and Zytell(R) polymer unit in Singapore and expands DuPont's position as a major nylon intermediates, polymer, and fiber producer in Asia-Pacific." The investment in the joint venture is expected to be about $750 million. It will include construction of a manufacturing facility to produce approximately 300 kilotons of adiponitrile annually from butadiene butadiene (by  t'ədī`ēn), colorless, gaseous hydrocarbon. There are two structural isomers of butadiene; they differ in the location of the two carbon-carbon double bonds in the . The facility will use the world's most competitive
processes, based on combined BASF/DuPont technologies. It will convert
the adiponitrile to both caprolactam for nylon 6 production and
hexamethylenediamine for nylon 6.6 production at a significant cost
advantage. Caprolactam capacity will be 150 kilotons annually. This
will be the first time caprolactam has been produced from adiponitrile.
Nylon is used in fiber form in many textile, carpet, and industrial applications and in other forms as an engineering polymer. Nylon 6 polymer is manufactured from caprolactam while nylon 6.6 polymer is manufactured from adipic acid and hexamethylenediamine. BASF and DuPont will work together to find a suitable site for the plant in Asia -- with the Peoples Republic of China a leading candidate. Work will commence immediately with Chinese officials to evaluate sites in that country. Sites in other locations in Asia are also being considered. Plant construction is scheduled to begin in 1998 and be completed in 2001. The joint venture will mainly serve markets in China, as well as other Asia-Pacific customers. It will establish its own sales staff to market its products. BASF involvement in the Asian market dates back more than 100 years, when the company began to supply dyes to China. Today, BASF, with capital expenditures in China of almost $700 million, is the largest foreign chemical investor there and is involved in eight joint ventures located in Shanghai, Nanjing, Shenyang, and Jilin. Within the next 15 years, BASF intends to both triple its sales in Asia, from $3.8 billion in 1995 to more than $10 billion and double its market share. DuPont has also served Asia-Pacific markets for more than a century, supplying black powder black powder n. An explosive mixture of saltpeter, charcoal, and sulfur, formerly used in firearms. to regional markets in 1863. The company has been building an integrated nylon business in the Asia-Pacific region since the early 1990s. Elements currently in place include wholly-owned facilities such as an adipic acid plant and a Zytel(R) polymer unit in Singapore, fiber spinning facilities in Australia, and compounding facilities in Japan, Korea, and Singapore. Several joint ventures have also been created as a part of DuPont's plan, including the production of nylon 6.6 salt and polymer in China and nylon fiber spinning ventures in Japan, Taiwan, and India. DuPont's participation in the joint venture with BASF further unifies the overall DuPont plan to build a powerful nylon business in Asia-Pacific. BASF Group, with headquarters in Ludwigshafen, Germany, is one of the world's leading chemical companies, with sales in 1995 of DM 46.2 billion. BASF offers a full range of chemical and chemical-related products. It has built major strengths in science and the process of innovation, and is using these strengths to assure the company's future success in the markets it serves. These include health and nutrition, colorants and finishing products, chemicals, plastics and fibers, oil and gas, and information systems. DuPont is a research and technology-based global chemical and energy company offering high-performance products based on chemicals, polymers, fibers and petroleum. Committed to better things for better living, DuPont serves worldwide markets in the aerospace, agriculture, apparel, automotive, construction, electronics, packaging, refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar and transportation industries. Among DuPont's best known brands are Teflon(R) fluoropolymer A fluoropolymer is a polymer that contains atoms of fluorine. It is characterized by a high resistance to solvents, acids, and bases. Fluoropolymers were discovered serendipitously in 1938 by Dr. Roy J. Plunkett. resins; Silverstone(R) non-stick finishes; Lycra(R) brand spandex fiber; Stainmaster(R) flooring systems; Kevlar(R) aramid fiber ar·a·mid fiber n. A strong, heat-resistant fiber formed of polymers with repeating aromatic groups branching from a carbon backbone, used in materials for bulletproof vests and radial tires. Also called polyaramid. ; Tyvek(R) spunbonded olefin olefin (ō`ləfĭn) or olefin series: see alkene. olefin or alkene Any unsaturated hydrocarbon containing one or more pairs of carbon atoms linked by a double bond (see ; Corian(R) solid surface material; and Conoco(R) fuels and lubricants lubricants preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose. . CONTACT: BASF Corporation James Murphy James Murphy may refer to:
201/426-2850 or DuPont Company William Brown William Brown (or Browne) may refer to (some of whom were also called 'Bill'): Politicians
302/992-2566 |
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