BASF in the mix

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BASF Construction Chemicals announced today that it has acquired the assets of Hi Con (Sichuan Pengshan) Concrete Admixture, a major producer of concrete admixtures in China.

(Sichuan) announced today that it has acquired the assets of Hi Con (Sichuan Pengshan) Concrete Admixture (Hi Con China), a major producer of concrete admixtures in China. Financial details were not disclosed.

According to a statement, the acquisition gives BASF a powerful presence in the Western China construction chemicals market and represents a significant step in BASF's plan to become the number one player in China’s admixture market.

‘By acquiring Hi Con China, BASF will be able to provide the most recent technologies from a local production site close to our customers in a rapidly developing market,’ said Dr. Boris Gorella, head of the Regional Business Unit Construction Chemicals Asia Pacific. ‘This step also increases our ability to react quickly to local market demands.’

BASF has been producing admixtures in China since 1988 and operates six production facilities for construction chemicals in Shanghai, Beijing, Nanjing, Chongqing and Huzhou, as well as 12 branch offices across China.

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