BASF takes complete ownership of JV with NOF.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 is taking complete control of BASF Nor Coatings Co. Ltd. (BNC (hardware) BNC - A connector for coaxial cable such as that used for some video connections and RG58 "cheapernet" connections. A BNC connector has a bayonet-type shell with two small knobs on the female connector which lock into spiral slots in the male connector when it is twisted ), its joint venture with Nor Corp. BASF will operate the company under the name of BASF Coatings Japan Ltd. Financial details of the accord were not disclosed. The joint venture was formed in October October: see month. 2000. The acquisition encompass all of BNC's assets, including the production sites in Totsuka, Kanagawa Kanagawa (känä`gäwä), prefecture (1990 pop. 7,980,421), E central Honshu, Japan. Yokohama is the capital. Other important cities include Kawasaki, Yokosuka, and Kamakura (a religious center). and Ako, Hyogo prefectures. Effective April 1, more than 530 employees began working for BASF Coatings Japan Ltd., including current delegates from NOF. "This transaction underlines BASF's clear commitment to Japan as an important coatings market," said Klaus-Peter Lobbe, member of BASF's board of executive directors and responsible for the coatings business. "The integration into BASF's global organization will enable us to enhance the value of our services and products to customers in Japan." |
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