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Business

BASF further revamps construction chemicals

January 1, 2007 | A version of this story appeared in Volume 85, Issue 1

BASF will further reorganize the construction chemicals business it purchased from Degussa last July. The company will move the business' headquarters from Trostberg to Ludwigshafen, Germany, and integrate the Trostberg R&D group into its global organization. Oil-field chemicals businesses that came with both the Degussa and Engelhard acquisitions will be folded into a new BASF unit called oil-field solutions. In November, BASF announced the elimination of 200 positions from the former Degussa unit to save about $130 million annually. Separately, BASF has purchased Chinese admixture firm Hi Con Concrete Admixture. BASF says the acquisition gives it access to the growing western China construction market.

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