BASF To Sell Fertilizer Activities

BASF To Sell Fertilizer Activities

Author: ChemistryViews

BASF plans to sell major parts of its fertilizers activities. This comprises production plants in Antwerp, Belgium and BASF’s 50 % share of the joint venture PEC-Rhin in Ottmarsheim, France. The activities have a total annual capacity of approximately 2.5 million metric tons of fertilizer and account for less than 1 % of BASF Group’s total sales. BASF plans to complete the transaction by the first quarter of 2012.

BASF’s fertilizer activities are mainly focused on Europe. In 2000, a distribution contract between BASF and K+S Nitrogen (formerly fertiva) for all fertilizers produced by BASF was signed.

“Our fertilizer activities are profitable, but do not belong to our strategic core business,” said Dr. Andreas Kreimeyer, member of the Board of Executive Directors of BASF SE, responsible for the Chemicals segment.

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