BASF restructures Industrial Coatings business unit.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. , Mount Olive Mount Olive is the name of several places: United States of America Cities and towns
-- The Precoatings area (coil coatings and foil). The company will seek to increase its market share in Europe and 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 and strengthen its position in China. Technology Management functions will become a part of this area. -- Metal Coatings will work to strengthen its core competencies in the automotive and transportation markets. -- 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 and Automotive Refinishing Refinishing in woodworking and decorative arts means fixing or redoing the finishing paint, varnish or other top coating of an object, from resanding to new paint and new varnish. The artisan or restorer is traditionally aiming for an improved or restored and renewed finish. business unit will seek to expand activities in metal coatings with automotive suppliers and commercial vehicles. Employees who have worked in automotive-related product areas in the Industrial Coatings business unit will transfer to the Automotive OEM Coatings and Automotive Refinishing business unit. -- Powder Coatings with concentrated activities at the Verbania, Italy location. The company will discontinue product development and manufacturing of powder coatings and furniture coatings in Munster-Hiltrup, Germany. -- Wood Coatings will be organized into three new units--Glasurit Construction based in Munster-Hiltrup, Germany; Furniture Coatings, based in Romano d'Ezzelino, Italy; and Specialty/Automotive Dashboard business, which will be integrated into the Automotive OEM business unit. |
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