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Mumbai High Court Approves Merger of Three BASF Entities

Published on 2011-01-26. Author : SpecialChem

MUMBAI, India -- The Hon'ble High Court of Bombay has approved the Scheme of Amalgamation of three BASF legal entities in India - BASF Coatings (India) Private Limited, BASF Construction Chemicals (India) Private Limited and BASF Polyurethanes India Limited with BASF India Limited.

Mr. Prasad Chandran, Chairman, BASF Companies in India & Head South Asia said, "The merger will help BASF grow in rapidly developing market segments such as automotive and construction. It will also streamline our operations and enable a single BASF point of contact for customers, resulting in more efficient service and better brand positioning. This will play an instrumental role in further development and growth of BASF's business activities in India."

The company is in the process of filing the authenticated copy of the order with the Registrar of Companies, Mumbai. Once the order is filed, the merger will be effective.

About BASF in India

For more than a century, BASF has been partnering India's progress with its vast knowledge in the field of chemistry and high quality products that cater to a wide range of industries. As a dependable partner to stakeholders, BASF offers innovative, hi-tech and safe solutions. BASF in India is currently engaged in the business of manufacturing & marketing of Styropor®, tanning agents, leather chemicals and auxiliaries, crop protection chemicals, textile chemicals, dispersions and specialty chemicals, performance plastics, automotive and coil coatings, construction chemicals, polystyrene and polyurethane systems. BASF is also involved in marketing a wide range of intermediates, catalysts and other chemicals for life sciences, chemical and allied industries in India.

About BASF

BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals as well as oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €50 billion in 2009 and had approximately 105,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

Source: BASF


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