BASF partners with Nagase Wahlee Plastics Corp for distribution of polyurethanes in Taiwan
Taipei, Taiwan – August 7, 2015 – BASF Taiwan Ltd and Nagase Wahlee Plastics Corp (NWP) today announced that the companies have signed a letter of intent to enter into a distribution agreement.
Under the terms of the collaborative agreement, NWP, a specialist in the distribution of high-performance materials, will support BASF’s polyurethane customers in Taiwan. It will also expand BASF’s existing presence in the domestic market with services such as product stocking, repacking and distribution of both polyurethane solutions and injection molding grades for thermoplastic polyurethanes (TPU). At the same time, BASF will continue to provide product knowledge, formulating know-how, best-in-class quality management processes and technical service to existing and new customers.
“With NWP’s integrated sales network, we aim to offer more distribution flexibility in the local market. This partnership comes less than a year after we acquired Taiwan Sheen Soon’s adhesives business, and is part of our strategic efforts to better serve the promising Taiwan market. Our broad portfolio of polyurethanes including TPU and TPU adhesives enables us to offer attractive integrated solutions for the domestic market,” said Andy Postlethwaite, Senior Vice President, Performance Materials Asia Pacific, BASF.
Polyurethane is used in a variety of applications such as transportation and furniture, as well as building construction and appliances. It combines outstading insulation properties with light weight and great design freedom.
About Nagase Wahlee Plastics Corp
Nagase Wahlee Plastics Corp. (NWP) was established in December 1990 as an integrated sales organization to promote high performance materials such as engineering plastics and polyurethanes. It is a joint venture between Nagase & Co., Ltd. (Japan) and Wah Lee Industrial Corp. (Taiwan). Aside from its headquarter office in Taipei, the company has liaison offices in Taichung and Kaohsiung (Gangshan), which cover major industrial regions in Taiwan. To better serve its customers in China, it also owns two subsidiary companies. One is in Shanghai (Shanghai Hua Chang Trading Co., Ltd.) since 1998 and the other is in Guangdong (NWP International Trading Shenzhen Co., Ltd) since 2004.
About BASF’s Performance Materials Division
BASF’s Performance Materials division encompasses the entire materials know-how of BASF regarding innovative, customized plastics under one roof. Globally active in four major industry sectors - transportation, construction, industrial applications and consumer goods – the division has a strong portfolio of products and services combined with a deep understanding of application-oriented system solutions. Key drivers of profitability and growth are our close collaboration with customers and a clear focus on solutions. Strong capabilities in R&D provide the basis to develop innovative products and applications. In 2014, the Performance Materials division achieved global sales of € 6.5 bn.
More information online: www.performance-materials.basf.com
At BASF, we create chemistry – and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world’s leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.