In a bid to enhance customer and industry focus and increase competitiveness, BASF is reorganizing its paper, water, oilfield and mining businesses within the Performance Chemicals division.
The company will combine its Water Solutions and Paper Chemicals businesses to form a new global business unit, Paper & Water. The new unit will enable the company to build efficiency and create market opportunities.
Christian Fischer, President, Performance Chemicals division, said, “The further development of our organization will strengthen customer focus. The stepwise expansion of our polymer production network and investments in bio-acrylamide raw materials as well as the launch of innovative products will accelerate profitable growth.”
The changes will be effective as of January 1, 2016