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W.R. Grace to acquire the polyolefin catalyst business of BASF

Germany: BASF, a Germany based chemicals and specialty plastics manufacturer, recently announced to sell its global polyolefin catalyst business to W.R. Grace. As per the agreement signed on 22 April 2015, the transaction is expected to complete by the third quarter of 2016. The deal is expected to include the transfer of BASF’s technologies, patents, trademarks and manufacturing facility located at Pasadena in Texas and Tarragona in Spain to W.R. Grace. In addition, 170 BASF employees would also be transferred to Grace globally. BASF is a leading producer of polyethylene and polypropylene resins using Lynx-brand catalyst technologies which are extensively used in bimodal film and pipe. The BASF’s PP catalyst are used in PP process technologies for production of fluid gas, bulk loop, slurry, stirred gas, and stirred bulk.

TechSci depicts that this transaction is expected to help W.R. Grace to enrich its existing portfolio for polyolefin catalyst technologies. The acquisition of polyolefin catalyst business would also help the company to increase their product offerings in the market globally.

According to TechSci Research report, India PET and PBT Resins Market Forecast and Opportunities, 2020”, the PET & PBT resins market in India is expected to surpass USD1.9 billion in 2015. PET and PBT resins are used for manufacturing plastic and plastic components, which have wide applications in bottling, textile, electronics and automobile industry. India’s PET market continues to be dominated by PET bottles, followed by PET films, sheets and chips, and the trend is expected to continue over the next five years. PET bottles are being increasing used for packaging of bottled drinking water, carbonated soft drinks, edible oils, juices, alcoholic beverages, etc.

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