Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Finance

BASF plans to sell its pigments business

by Marc S. Reisch
March 1, 2019 | A version of this story appeared in Volume 97, Issue 9

 

BASF expects to sell its global pigment business by the end of 2020. The business generated sales of more than $1.1 billion in 2018, employs 2,600 people, and has more than 5,000 customers worldwide. Also up for sale, since last October, is BASF’s construction chemical business, which has annual sales of about $2.7 billion. BASF chairman Martin Brudermüller revealed the pigment sale last week as he announced a 2% rise in 2018 company sales to $71.3 billion and an earnings decline of 17% to $7.2 billion. Earnings dropped largely because of a decline in profit margins for isocyanates and ethylene, he said.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.