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BASF said on July 1 that they have suspended plans to establish a joint venture with Saudi Astra Polymer Composites. According to the original plan, the new joint venture will produce special antioxidant mixtures for customers in the Middle East.
The joint venture plan was an agreement between the former plastic additive division of Ciba and Astra Polymers, but in 2009, Ciba was acquired by BASF.
The company stated that the termination of the joint venture plan will not affect the existing agreement between the companies, nor will it affect the operation of the special antioxidant mixture provided to customers in the region.
The joint venture plan was an agreement between the former plastic additive division of Ciba and Astra Polymers, but in 2009, Ciba was acquired by BASF.
The company stated that the termination of the joint venture plan will not affect the existing agreement between the companies, nor will it affect the operation of the special antioxidant mixture provided to customers in the region.
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