Polymers BASF, Sanyo Chemical to Jointly Develop Advanced Polyurethane Dispersions
Under a MOU signed between BASF and Sanyo Chemical, both the companies will team up to create advanced polyurethane dispersions (PUDs) to produce sustainable products. The innovative new products will have world-wide market access through the two companies' global footprint, with the MOU allowing both the firms to leverage on production networks for PUDs.
Hong Kong/China – BASF and Sanyo Chemical Industries (Sanyo Chemical) have signed a Memorandum of Understanding for strategic collaboration of polyurethane dispersions (PUDs) development. The two parties aim to jointly develop and produce innovative products with strong sustainability contribution. Newly developed technologies and products will have worldwide market access through the two companies’ global production footprint.
“The PUD market demand is expanding and formulators are looking for improved product performance. They also look for sustainable solutions to comply with local regulations or to meet their corporate responsibility goals. This collaboration will allow both parties to reduce time-to-market of their new technologies and to accelerate conversion to water-based systems,” said Sylvain Huguenard, Vice President, Resins & Additives, Asia Pacific, BASF.
This collaboration will allow both parties to reduce time-to-market of their new technologies and to accelerate conversion to water-based systems.
“Japan has a long history in developing innovative solutions and transferring them to the overseas markets. Conversion to water-based system is a global trend. The cooperation will enable customers to access the best-in-class PUDs globally,” said Kouzoh Kubota, Vice President of BASF Japan.
“Leveraging the market reach and production assets of a global player like BASF is a significant milestone for Sanyo Chemical’s PUD business,” said Masahiro Harada, Managing Executive Officer, General Manager of Business Planning Division, Sanyo Chemical.
The MOU enables the strategic collaboration of BASF and Sanyo Chemical. It enhances joint development and allows the two companies to leverage on the production networks for PUDs. The cooperation provides flexibility and reliability to customers while enabling a lower carbon footprint throughout the value chain.