BASF forms new mining venture
JI’NING, China — German-based BASF has received approval for the formation of a new mining venture, BASF Hock Mining Chemical (China) Company Limited, according to a press release.
The company will continue Hock’s existing business activities in the field of chemical injection and cavity filling products for coal mining and other underground applications.
While injection technology has been present in European markets such as Germany for the past 30 years, it was only introduced in China 10 years ago. Through chemical injection and cavity filling, substances such as polyurethanes or other construction chemicals can be introduced into fractured rock, sands, gravel or coal to avoid water or gas accumulation and stabilize cavities in tunnels."Both BASF and Hock share the same philosophy on developing high quality safety measures for mining and underground construction projects. I am happy to stay and contribute to the new company,” said Mr. Jingsheng Cui, general manager of BASF Hock Mining Chemical (China) Company Limited and founder of Hock. "With this new joint venture we can match local and international expertise to better serve mining customers in this important growing market."