Issue Date: October 31, 2011
BASF Invests In China Mining Chemicals
BASF has acquired a 75% stake in China’s Ji’Ning Hock Mining & Engineering Equipment Co. Hock supplies polyurethanes and other chemicals to coal-mining operations in China. They are used in chemical injection and cavity filling in the mining industry to prevent water and gas accumulation and to stabilize cavities. Hock recorded sales of $70 million last year.
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