John Frijns with Bandar N. Al-Saqer.
BASF, Astra Polymers ink new Saudi contract
Riyadh, July 5, 2012
BASF, a top manufacturer, supplier and innovation partner of additive and pigments for plastics industry, has joined hands with Astra Polymers to produce customer specific blends (CSB) in Saudi Arabia.
Astra Polymers is a leading company that develops and produces plastic compounds in the Middle East. It owns five factories in Saudi, the UAE, Turkey and India that specialise in the production of masterbatches for most plastic application.
An agreement was signed by BASF Plastic Additives Middle East, which markets and sells the CSB, and Astra Polymers at a ceremony held in Dammam earlier this month.
Astra Polymers, BASF Plastic Additives Middle East and BASF Switzerland sealed the long-term contract aimed at extending their existing production co-operation agreement in the field of plastic additives.
This co-operative agreement combines the expertise of the two companies, bringing two complementary form-giving technologies for additive blends to customers in the region, said a statement from BASF.
BASF manufactures key products for the plastics industry including ultraviolet (UV) light stabilizers, antioxidants and process stabilizers, organic and inorganic pigments, effect pigments, and other additives.
This deal will position BASF to maintain its leadership position in the plastic additives market in the Middle East, said a senior official.
'Astra Polymers has proven its capabilities as a partner to BASF in the production of CSB. Its strong commitment to quality and growth supports the positioning of BASF as a market leader for CSB in the Middle East,' remarked Frank Fasdernes, the director business management (Plastic Additives) for Africa, Eastern Europe, Western Asia.
'With the launch of our production facility in Bahrain in the fourth quarter, we will continue to co-operate with Astra Polymers as our partner in Saudi to produce CSB,' he added
Astra Polymers has for several years operated BASF-owned production lines at its Dammam premises, producing CSB.
Astra Polymers' breadth of experience in the field of Masterbatch and Compounding add considerable value, enhancing BASF's production capacities in the Middle East.
Commenting on the deal, Bandar N. Al-Saqer, the CEO of Astra Polymers said, 'The success of both companies in the growing plastics industry in the Middle East is proof that our cooperative agreement is well founded, adding value to both our companies and the industry. Astra Polymers is highly committed to the development of the downstream market.'
'As market leaders, our combined efforts make the promise of flexibility, quality and innovation tangible to our customers,' he added.
'We are extremely happy to continue CSB production in KSA with a strong partner like Astra Polymers,' remarked John Frijns, senior vice president, Plastic Additives Europe/EAWA.
'BASF's combined global production capacity for antioxidants and CSB, paired with Astra Polymers plant in KSA, and our new facility in Bahrain, shows our on-going commitment to this growing market,' he added.-TradeArabia News Service