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Business

BASF to buy Chinese catalyst company

December 18, 2006 | A version of this story appeared in Volume 84, Issue 51
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BASF Catalysts, comprising mostly the former Engelhard catalyst business, has agreed to buy Guilin REEcat Catalyst, a Guilin, China, maker of catalysts to control motorcycle emissions. BASF expects global output of motorcycles to grow at a 5% annual rate through 2011, with China producing 40% of them. Moreover, the company says China's adoption of new European emissions regulations will lead to faster growth for motorcycle catalysts than for motorcycles themselves.

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