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2006-12-18 News Release
Important Western China construction chemicals buy BASF Construction Chemicals purchases assets of a major producer of concrete admixtures in China, providing a quicker reaction to local market demands.
A wholly owned affiliate of the BASF Group, BASF Construction Chemicals
(Sichuan) Co. Ltd., has acquired the assets of Hi Con (Sichuan Pengshan)
Concrete Admixture Ltd. (“Hi Con China”), a major producer
of concrete admixtures in China. Financial details were not disclosed.
The acquisition gives BASF a powerful presence in the important Western
China construction chemicals market and represents a significant step
in BASF's plan to become the number one player in China’s admixture
market. BASF has been producing admixtures in China since 1988 and operates six
production facilities for construction chemicals in Shanghai, Beijing,
Nanjing, Chongqing and Huzhou, as well as 12 branch offices across China.
Admixtures are used to provide concrete with superior application performance.
Innovative admixture technologies make concrete easier to place and finish,
allowing construction to continue even in very hot or very cold temperatures,
accelerating or delaying the hardening of concrete and increasing final
strength and durability. Customers include ready-mix concrete producers,
pre-cast operators, dry-cast and concrete block manufacturers Hi Con China was established in 1996 and is located in Sichuan’s Pengshan County. It also has a branch in Suzhou, Jiangsu Province. The company produces a range of concrete admixtures as well as intermediate products needed for their production, and is well known for its excellent and reliable service and sophisticated products. Hi Con’s operations outside of the P.R. China are not part of the acquisition. BASF Construction Chemicals is the world’s largest supplier of
construction chemicals and has operations in more than 75 countries. The
business was previously part of the Degussa Group and became part of BASF
in July 2006. In Asia Pacific, BASF Construction Chemicals has production
plants and sales offices in 14 countries.
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