BASF has signed an agreement to sell its global Polyolefin Catalysts business to W.R. Grace & Company, subject to required consultation and receipt of regulatory approvals, if any. Currently, the Polyolefin Catalysts business is part of BASF's Catalysts division. BASF and Grace intend to complete the transaction in the third quarter of 2016.
Polyolefin Catalysts is part of process catalysts business of the company. The process catalysts business which forms part of the Functional Materials and solution segments of the company caters to the petroleum and downstream base and chemical business. During the calendar year 2015, the Polyolefin Catalysts business generated income of Rs 1.81 crore.
BASF India is a chemical manufacturing company. It operates in the business segments of agricultural solutions, performance products, plastics businesses and chemicals. The agricultural solutions include insecticides, herbicides, fungicides and specialties. BASF India operates as a subsidiary of BASF SE.
