Industry News

BASF receives Albemarle Corporation’s Supplier Recognition Award

Published on 2005-06-14. Author : SpecialChem

CHARLOTTE, N.C -- BASF in North America has been awarded Albemarle Corporation's (NYSE: ALB) 2004 supplier Recognition Award, establishing itself as an elite supplier for Albemarle.

"In spite of a severe industry shortage of acrylates, BASF persevered to supply us material thereby supporting Albemarle's launch of a new product," said Justine E. MacDonald, Vice President, Global Supply Chain Management, Albemarle Corporation. "Moreover, BASF continues to work with us as we grow this strategic business."

"We worked very hard to meet acrylate commitments made to all of our customers throughout the tight supply situation," said Robert Sawchuk, Marketing Manager for BASF's Acrylic Monomers business in North America. "We had an agreement with Albemarle to provide a reliable supply of high quality acrylate, and worked very hard to be responsive to their product launch needs. Since our mission is to help our customers to be more successful, our team truly appreciates this important recognition."

On December 22, 2004, BASF began production of methyl acrylate in its new integrated petrochemical plant in Nanjing, China. In addition to methyl acrylate, BASF plans to produce other acrylic esters and glacial acrylic acid. Production capacities at this site include 160,000 metric tons per year of acrylic acid.

Acrylic acid and acrylic esters are highly versatile monomers that are used in many industrial applications. Acrylic esters are also widely used in the manufacture of pressure sensitive adhesives, packaging tapes, construction chemicals, surface coatings as well as exterior architectural latex coatings and paints. Acrylic acid is the most important precursor in the production of super-absorbent polymers, the active component of baby diapers and other hygienic products.

Albemarle Corporation, headquartered in Richmond, Virginia, is a leading global developer, manufacturer and marketer of highly engineered specialty chemicals for consumer electronics; petroleum and petrochemical processing; transportation and industrial products; pharmaceuticals; agricultural products; and construction and packaging materials. The Company operates in three business segments-Polymer Additives, Catalysts and Fine Chemicals, and serves customers in approximately 100 countries.

BASF - The Chemical Company. We don't make a lot of the products you buy. We make a lot of the products you buy better.®
BASF Corporation, headquartered in New Jersey, is the North American affiliate of BASF AG, Ludwigshafen, Germany. We employ about 10,000 people in North America and had sales of approximately $11 billion in 2004.

BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. As a reliable partner to virtually all industries, BASF's intelligent solutions and high-value products help its customers to be more successful. BASF develops new technologies and uses them to open up additional market opportunities. It combines economic success with environmental protection and social responsibility, thus contributing to a better future. In 2004, BASF had approximately 82,000 employees and posted sales of more than $50 billion. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA), New York (BF), Paris (BA) and Zurich (AN).

Source: BASF

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