â¢ Joint development and access to technologies to develop advanced PUDs;
â¢ Support of customers’ sustainability goals through new PUDs solutions;
â¢ Improve global product access for PUDs users.
The aim of both parties is to jointly develop and produce innovative products with a strong contribution to sustainability. The global production presence of the two companies gives newly developed technologies and products worldwide market access.
âDemand in the PUD market is growing and formulators are looking for improved product performance. They are also looking for sustainable solutions to comply with local regulations or achieve their corporate responsibility goals. This collaboration will enable both parties to reduce time-to-market for their new technologies and accelerate the transition to water-based systems, âsaid Sylvain Huguenard, Vice President, Resins & Additives, Asia Pacific, BASF.
âJapan has a long history of developing innovative solutions and transferring them to overseas markets. The switch to water-based systems is a global trend. The collaboration will enable customers around the world to access the best PUDs in their class, âsaid Kouzoh Kubota, Vice President of BASF Japan.
“Leveraging the market reach and manufacturing capabilities of a global player like BASF is an important milestone for Sanyo Chemical’s PUD business,” said Masahiro Harada, managing executive officer, general manager of the business planning division, Sanyo Chemical.
The letter of intent enables the strategic cooperation between BASF and Sanyo Chemical. It improves joint development and enables the two companies to leverage the production networks for PUDs. The cooperation offers customers flexibility and reliability and at the same time enables a lower CO2 footprint in the entire value chain.
Dispersions & Resins division of BASF
BASFâs Dispersions & Resins division develops, produces and sells a range of high-quality polymer dispersions, resins, additives and electronic materials worldwide. These raw materials are used in formulations for a number of industries including coatings, construction, adhesives, printing and packaging, electronics and paper. The Dispersions & Resins division offers its customers innovative and sustainable solutions with its extensive product portfolio and extensive industry knowledge and supports them in the further development of their formulations.
At BASF (basf.com) we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in almost every industry and in almost every country in the world. Our portfolio is divided into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. In 2020, BASF generated sales of 59 billion euros.
About Sanyo Chemical
Founded in Kyoto, Japan in 1949, Sanyo Chemical (sanyo-chemical.co.jp) is a global manufacturer and seller of high performance chemicals. Starting out as a manufacturer of soap and textile active ingredients, we have since diversified our product portfolio in order to meet the needs of the market. Today we offer over 3,000 different product types and have an international presence. Our chemical portfolio spans a wide variety of industries and types, from automotive components to everyday electronics to cosmetics and medical devices, with the aim of creating safer, greener offerings and improving lives and societies around the world. We want to contribute to the realization of a sustainable society through our entrepreneurial actions.
Contact: Elly Au – Dispersions & Resins Asia Pacific
T: +852 2731 4309 – E: elly.au[.]basf.com