Acrylics for sale as BASF focuses on styrenics
15 Jan 2000
BASF is seeking a buyer for its polymethyl methacrylate (PMMA) business, having decided that it can't expand this division on a global scale. The engineering plastics division will confine itself to a smaller set of styrene-derived products
The company currently makes PMMA as granules, extruded and cast sheets; it also makes sheet polycarbonates. Two units are concerned with the business: Citera in Montcada i Reixac, Spain, whose 80 employees turn out 6000t/a of acrylic sheet; and the larger Resart at Mainz in Germany, with 260 staff. Resart currently has two sites - the other is in Raunheim, but this is to be closed in mid-1997 and all facilities will be transferred to Mainz. When this process is complete, the company will have a polymerisation capacity of 22 000t/a of PMMA. Taken together, the two units had total sales of DM130million last year.
