The new global business unit will be located in Ludwigshafen, Germany.
Hans W Reiners, president of BASF’s Performance Chemicals division, said: “By combining the strengths of these businesses, sharpening our focused market approach and at the same time increasing operational and innovation excellence, we are in a good position to advance innovative solutions to the water, oilfield and mining industries.”
As part of its world-wide operational improvement programme for its water solutions business, the company expects to reduce its workforce by about 215 positions worldwide. Most of the planned job reductions will occur at the Bradford and Grimsby, UK sites.
Within the future setup, the PAM product line and the respective operations will be jointly managed for all three businesses following an integrated PAM strategy covering both, cationic and anionic PAM in order to generate additional value.
BASF’s water solutions business will in future fully concentrate on providing innovative chemical solutions to the water market. To this end the company is planning to divest its service-oriented industrial water management business, located in Lyon, France, to a strategic partner capable to further expand the business and giving the current 61 employees a long-term perspective.
Source: BASF
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