The global paint & coating company BASF announced that its Coatings division has signed a cooperation agreement with Jaguar Land Rover(JRL) to support the development and implementation of JLRs Global Body & Paint Programme covering 16 importer countries and markets in Asia Pacific.
- As per agreement, the partners will commit to a long-term strategic collaboration that enables them to exceed the industry standard in vehicle body repair and paint refinish.
- The partnership includes the supply of refinish products and color-matching solutions.
- BASF will work closely with JLR to ensure the total branded paint solutions meet their stringent repair specifications and process standards, supported from a global support network that offers guaranteed methods and expertise.
The prominent acquisitions and investments by BASF are featured below:
July 2020: BASF Venture Capital a corporate venture capital arm of BASF Group, announced that it is investing in the Shanghai-based startup SmartAHC, a leading supplier of digitalization solutions for pig farming on the Chinese market.
April 2020: BASF Corporation is supporting the USA to fight against COVID-19 pandemic with hand sanitizers. The company provides hand sanitizer to the state of New Jersey and New York which produced at the companys facility in Washington, New Jersey at free of charge.
February 2020: BASF announced a new battery materials production facility in Schwarzheide, Germany. The new plant is a part of the companys multi-step investment plan to support the European electric vehicle (EV) value chain. The facility will help the company to strengthen its global leadership position in battery materials for electric vehicles.
January 2020: BASF announced the completions of the acquisitions of Solvays polyamide (PA 6.6) business for approximately $1.4 billion. The deal broadens BASFs polyamide capabilities with innovative and well-known products such as Technyl. The acquisition will allow BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility.
January 2020: BASF builds a new regional production hub for its Agricultural Solutions business in Asia Pacific. The companys new production hub for crop protection constructs in Singapore. The new multipurpose facility has been designed to handle six different formulation technologies and will supply the companys patented crop protection products to farmers across the fast-growing Asia Pacific region.
BASF is one of the leading chemical manufacturers in the world. Germany based BASF is an international company comprises of subsidiaries and joint ventures in about 80 countries and operates six integrated production sites in Europe, the Americas, Asia, Australia, and Africa. The company employs approximately 122,000 employees worldwide. The companys portfolio is organized into six segments: Chemicals, Materials, Surface Technologies, Nutrition & Care, Industrial Solutions, and Agricultural Solutions.