BASF
announced today that it has acquired
Huntsman’sglobal toluene diisocyanate (TDI) business. Financial terms for this agreement were not disclosed.
The transaction involves Huntsman transferring its TDI customer list and sales contracts to BASF. This agreement does not include any transfer of manufacturing operations or personnel.
“BASF is committed to the global TDI market and looks forward to establishing a successful relationship with Huntsman’s former customers and supplying consistent, high-quality TDI to them,” said Jean-Pierre Dhanis, President of BASF’s Polyurethanes division.
BASF has TDI production facilities in
The isocyanate TDI is an important basic product in the manufacture of polyurethanes, which are customisable plastics with a range of applications that include thermal insulation in construction and refrigeration technology, in the electronics industry, in the manufacture of shoes and furniture, as well as in sports and leisure articles.
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