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BASF takes over Ticona’s
polyamide 6.6 business
Market position in engineering plastics strengthened
As of December 31, 2003, BASF
has taken over the polyamide 6.6
business from Ticona, which is the
engineering plastics company of Celanese
AG. Its sales were approximately 45 million
euros in the year 2002. Within the scope of
the transaction, all of the production sites
and installations remain under the control
of Ticona. To start with, Ticona will be
manufacturing the polyamide 6.6 products
on behalf of BASF at its American facilities
in Bishop, Texas, and Florence, Kentucky.
With this transaction,
BASF is
strengthening
its market
position
in the
sector
of
Expanded
portfolio
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polyamide 6.6, especially in the all-important
North American market. Raimar Jahn,
President of BASF’s Division Performance
Polymers, underscores, “We are dedicated
to being the supplier of choice for
engineering plastic customers around the
world. BASF’s acquisition of Ticona’s nylon
6.6 business will complement and enhance
the range of product solutions we can
offer.” With this sale, Ticona is concentrating
on its core businesses. “The sale of the
polyamide 6.6 business is a further step in
Celanese’s
overall
Markets and Products
strategy of focusing on those products
which hold a leading global market position”,
says Lyndon Cole, member of the
Celanese AG Management Board and President
of Ticona. Already at the beginning of
2003, BASF took over Honeywell’s business
with engineering plastics. As a result, BASF
was not only able to tap into new markets,
but also to nicely complement its product
portfolio. Polyamide 6.6 is an extremely versatile
engineering plastic that is used not
only in automotive construction, but also
in household products, toys and
electrical equipment.
Typical application for
polyamides: a car manifold.