BASF / F.A.R.: Cooperation on Trimethylolpropane
BASF SE, Ludwigshafen, Germany, and F.A.R. Fabbrica Adesivi Resine S.p.a., Cologno Monzese, Italy, have agreed to cooperate for the production, marketing and sale of the polyalcohol trimethylolpropane (TMP). Under the agreement F.A.R. will take over production of TMP for both partners at its Vercelli site near Milan. On the other hand, BASF will be exclusively responsible for the marketing and sales of TMP. The cooperation is expected to take effect in July 2009.
BASF will mothball its TMP plant in Ludwigshafen. This move will affect eight BASF employees, who will assume other jobs at the Ludwigshafen site.
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