04/08/2011 | Editor: Marion Henig
BASF strengthened its business with polyurethane customers in the Gulf region in 2008 by setting up joint-venture companies together with Kanoo in the UAE which has acquired the local polyurethane business of Multi Chemical Est. in Abu Dhabi 2008. Mishal Hamed Kanoo, Deputy Chairman of The Kanoo Group, stated: “We are committed to continue our cooperation with BASF in the polyurethane segment and we are proud of the realization of this new System House as integral part of a joint growth strategy in the Gulf region.” The Kanoo Group has been a joint-venture partner of BASF in the United Arab Emirates since 1970.
Dr. Uwe Hartwig, Senior Vice President BASF Polyurethanes Europe, said: “With this new System House we have created best conditions for further success in the rapidly growing market for polyurethane applications in the Arabian Peninsula." He furthermore stressed the importance of the new site for BASF’s overall service-oriented System House concept in the field of polyurethanes. BASF just recently has opened a new System House in Srem, Poland, and announced to build another two in Chongqing and Tianjing, China.
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