BASF to divest Chinese catalysts site

BASF has signed a definitive agreement to sell its catalysts manufacturing facility in Nanjing (China) to German specialty company Süd-Chemie AG. The facility is independent from BASF's main Verbund site in Nanjing and produces more than 30 different types of syngas catalysts, those required for manufacturing ammonia and methanol. Without disclosing financial details, BASF said it decided to sell its Nanjing facility as it 'did not represent a strong fit' with company's other China-based operations. A transition plan for the approximately 400 employees working at the process catalyst site is being developed together with Süd-Chemie. Süd-Chemie, one of the leading worldwide providers of catalysts and adsorbents, will 'consolidate' and expand its footprint in Chinese market
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