BASF buys parts of Ciech’s global TDI business
LUDWIGSHAFEN, Germany — German chemical company BASF has acquired parts of Ciech’s global TDI (toluene diisocyanate) business.
“This acquisition underlines our strong commitment to the TDI markets in Europe, the Middle East, Africa and worldwide,” said Raimar Jahn, president of BASF’s Polyurethanes division. “We are looking forward to establishing a successful partnership with Ciech’s customers.”
BASF is a leading supplier of basic products for polyurethanes and operates TDI plants in Geismar, La.; Yeosu, Korea; Caojing, China; Schwarzheide, Germany; and as of 2014 in Ludwigshafen, Germany.