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The product portfolio also contains a full tool box of amine curing agents for ambient and heat cure applications.
The agreement includes the Neo, TMP, and TMPDE as well as the associated Formate businesses located at the Vercelli, Italy site.
The company will distribute in Arizona, California, Colorado, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Wyoming.
The new Polyurethanes Service Centers will help accelerate both existing and new opportunities in the Balkan, Middle East and Africa regions, improving the speed and efficiency of application development, the company stated.
According to the company, increasing demand for the product — an ingredient in many consumer goods, industrial applications, and the construction industry — means the company will expand its Stockvik facility near Sundsvall.
In addition to facilities for manufacturing and distributing coatings for automotive, industrial, packaging, and protective and marine applications, the facility includes administrative offices and technical laboratories.
The partnership will focus predominantly on the three-piece can market, and Sun Chemical will provide inks to KBA-MetalPrint on an ongoing basis.
The new site will include a Research, Development and Innovation center, as well as warehouse premises for raw materials and finished goods with railway connection.
This is a further step in the capacity expansions with which BASF is responding to the rising global demand for engineering plastics, the company stated. BASF’s worldwide compounding capacity for PA and PBT will thus reach more than 700,000 tons per year, creating about 50 new jobs.
The facility will continue to expand to provide a full range of next-generation coatings for the automotive manufacturing, refinish, and industrial markets, the company stated.