Industry News

BASF Legally Completes Cognis Japan's Take-over

Published on 2011-08-04. Author : SpecialChem

TOKYO, Japan -- Effective October 1, 2011, BASF Japan will complete its legal consolidation with Cognis Japan. The legal entity of Cognis Japan will be dissolved accordingly.

"The businesses of Cognis and BASF complement each other very well. We are confident that the completion of the merger with Cognis Japan will contribute to further strengthening our portfolio of specialty chemicals, allowing us to offer more attractive products and boost innovations for our customers in the personal and home care, nutrition and health and coating additives market," said Tomoyoshi Naruo, President of BASF Japan. "Sustainable development will continue to underpin our approach."

Since May 1, 2011, the business operations of Cognis Japan have been part of the BASF Performance Products division.

About BASF Japan

BASF started business in Japan in 1888. The BASF Group in Japan consists of seven companies with BASF Japan Ltd at its core. Activities cover five business segments that include chemicals, plastics, functional solutions, performance products and agricultural solutions. Main production sites are in Yokkaichi (thermoplastic polyurethanes [TPU] and polymer dispersions), Chigasaki (admixtures for concrete, construction chemicals) and Totsuka (coatings).

There are also application technology laboratories at the Greater Nagoya Technical Center, serving Japan and Asia with paper chemicals, pigments, functional polymers (dispersions), engineering plastics, and fuel cell application development. The Amagasaki R&D Center, located close to many of the electronics technology leaders in Japan, focuses on innovative solutions for LC display, energy management and microelectronics. In 2010, BASF in Japan accounted for a total of 1,700 employees, and achieved sales of €1.7 billion.

Source: BASF Japan

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