Latest news with #Alsachimie
Fibre2Fashion
02-07-2025
- Business
- Fibre2Fashion
BASF acquires DOMO's stake in French PA 6.6 production site
BASF has finalized the purchase of DOMO Chemicals' 49% share in the Alsachimie joint venture, making the company the sole owner of the production entity for essential polyamide (PA) 6.6 precursors, including KA-oil, adipic acid, and hexamethylenediamine adipate (AH salt) in Chalampé, France. The parties have agreed to not disclose financial details of the transaction. With full ownership of Alsachimie, BASF strengthens its operational footprint at the Chalampé site – its European hub for PA 6.6 production. The strategic decision enhances BASF's ability to optimize backward integration into key raw materials, ensuring supply reliability and efficiency across the PA 6.6 value chain. For DOMO Chemicals, the transaction aligns with its strategy to continue to focus on delivering tailored polyamide solutions to core industries, including automotive, consumer goods, industrial, and electrical and electronics. The transaction adds to BASF's series of recent strategic measures aimed at further strengthening its PA 6.6 production capabilities at Chalampé site, including the newly inaugurated state-of-the-art hexamethylenediamine (HMD) plant as well as the expansion of the PA 6.6 polymerization capacity at the nearby site in Freiburg, Germany. BASF has acquired DOMO Chemicals' 49 per cent stake in the Alsachimie joint venture, becoming sole owner of the PA 6.6 precursor production site in Chalampé, France. This strengthens BASF's integration and supply chain for KA-oil, adipic acid, and AH salt. DOMO will focus on customised polyamide solutions for sectors like automotive, E&E, consumer goods, and industry. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Fibre2Fashion
29-05-2025
- Business
- Fibre2Fashion
Germany's BASF to take full control of Alsachimie joint venture
BASF and DOMO Chemicals have signed an agreement giving BASF the right to take over DOMO Chemicals' 49 per cent share of the Alsachimie joint venture, in which BASF currently holds 51 per cent. According to applicable laws, the intended transaction is subject to consultations with the relevant social bodies of Alsachimie, following which both companies would enter into a binding purchase agreement. Pending these consultations, BASF and DOMO Chemicals expect to close the transaction by mid-2025. BASF will acquire DOMO Chemicals' 49 per cent stake in Alsachimie, gaining full ownership by mid-2025, pending social body consultations. The move boosts BASF's polyamide 6.6 operations in Chalampé, France, enhancing integration and supply reliability. Alsachimie, formed in 2020, makes key precursors like KA-oil and AH salt. DOMO will focus on tailored polyamide solutions in key sectors. For BASF, the 100 per cent ownership of Alsachimie would be a strategic step to complement the company's strong footprint at the site in Chalampé, France, its European hub for polyamide (PA) 6.6 precursor production. As the sole owner of Alsachimie, BASF would be able to further strengthen its production setup and maximize backward integration into key raw materials in the PA 6.6 value chain. 'As a key supplier for polyamide 6.6 precursors, it is our priority to ensure the reliable supply in Europe,' said Dr. Stephan Kothrade, member of the Board of Executive Directors of BASF SE . 'By taking over the shares of our partner DOMO Chemicals, we are further strengthening our leading position and long-term commitment to the polyamide 6.6 value chain and paving the way for future growth with our customers in industries such as automotive and textiles.' 'For DOMO Chemicals, the intended transaction aligns with our strategy to continue to focus on delivering tailored polyamide solutions in the core segments automotive, consumer goods, industrial and electrical & electronics industries,' said Yves Bonte, CEO DOMO Chemicals. Alsachimie was founded in February 2020 as a joint venture between BASF (51 per cent) and DOMO Chemicals (49 per cent). The company is located at the French-German border and produces essential precursors for polyamides, including KA-oil, adipic acid and hexamethylenediamine adipate (AH salt). Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
