BASF intends to take over DOMO Chemicals shares in Alsachimie joint venture
Published by Ellie Brosnan,
Editorial Assistant
Hydrocarbon Engineering,
According to applicable laws, the intended transaction is subject to consultations with the relevant social bodies of Alsachimie, following which both companies would enter into a binding purchase agreement. Pending these consultations, BASF and DOMO Chemicals expect to close the transaction by mid-2025.
For BASF, the 100% ownership of Alsachimie would be a strategic step to complement the company’s footprint at the site in Chalampé, France, its European hub for polyamide (PA) 6.6 precursor production. As the sole owner of Alsachimie, BASF would be able to further strengthen its production setup and maximise backward integration into key raw materials in the PA 6.6 value chain.
“As a key supplier for polyamide 6.6 precursors, it is our priority to ensure the reliable supply in Europe,” said Dr Stephan Kothrade, member of the Board of Executive Directors of BASF SE. “By taking over the shares of our partner DOMO Chemicals, we are further strengthening our leading position and long-term commitment to the polyamide 6.6 value chain and paving the way for future growth with our customers in industries such as automotive and textiles.”
“For DOMO Chemicals, the intended transaction aligns with our strategy to continue to focus on delivering tailored polyamide solutions in the core segments automotive, consumer goods, industrial, electrical, and electronics industries,” added Yves Bonte, CEO DOMO Chemicals.
Alsachimie was founded in February 2020 as a joint venture between BASF (51%) and DOMO Chemicals (49%). The company is located at the French-German border and produces essential precursors for polyamides, including KA-oil, adipic acid, and hexamethylenediamine adipate (AH salt).
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/29052025/basf-intends-to-take-over-domo-chemicals-shares-in-alsachimie-joint-venture/
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