As it advanced the own company during the past month of October, BASF and Hannong Chemicals would have foreseen to establish a conjoint company to produce commercially surfactants no ionic in Ásia-Pacífico. These active are used in 'home care, personal care and also for formulation of different products.
To fault that the agreement was approved by the pertinent authorities, BASF and Hannong Chemicals contemplate this possibility in a new association that would be "BASF Hannong Chemical Solutions Ltd." Regarding the participations in the company, BASF will have 51% and 49% remaining will be for Hannong.
By a part, joins the technological strength and the innovation in product that characterises to BASF with the capacities of production highly efficient of Hannong to supply the best products surfactants no ionic of his class. With this asoaciación, as it indicates the press of BASF the increasingly increasing demand of the market, would remain satisfied.
The headquarters of the company will be situated in Daejuk, in the Industrial complex Daesan of Korea and look forward to to begin the activity in the first quarter of 2023.
BASF Values this agreement like an opportunity more to serve to the Asian market and offer an experience of reliable supply for his customers.