BASF deepens strategic cooperation with Norwich

BASFwill
deepen strategic partnerships with domestic and specialized manufacturers of propane oxide (PO) and ethylene oxide (EO) downstream derivatives and polyurethaneTogether, the two sides will strengthen cooperation in materials innovation to bring more sustainable and innovative solutions to better serve local and overseas customers in ChinaApril 15, BASF and Yinover announced the strategic cooperation upgrade in the form of a "cloud" contract
BASF and Novi have a history of cooperation for more than a decadeUnder the agreement, BASF will work with Novi to increase production of toluene diheisocyanates (TDI), diphenyl methane disocyanates (MDI) and polytetrahydrofuran (PolyTHF®The two sides will also strengthen cooperation in the areas of building materials and specialty chemical materials to further support the development of key strategic industriesMDI and TDI are important raw materials for polyurethanes, an extremely versatile plastic materialIt improves insulation, provides more lightweight materials for automotive production, and helps buildings save energyBASF's PolyTHF ® is not only used to produce high-quality elastic fibers, but also a popular polyurethane elastomer raw materialXu Jun, Chairman and General Manager ofYinoway, said: "
"
, "this is a win-win strategy, combined with BASF's strong research and development strength and our expertise in production, we look forward to jointly providing high-quality chemical products to local and overseas customers in the value chain." We will also share our experiences in improving operational quality and environmental, health and safety (EHS) practicesDr.Stephan Kothrade, President and Chairman of BASF Greater China,: BASF has been working actively with customers to develop sustainable solutions for all industries in China We measure the value proposition of a company in the value chain through our products and strive to contribute to society I am pleased that BASF shares the same vision as Norwich in this regard This allows us to better serve our customers across multiple industries and meet their growing demand for advanced materials "
about Shandong Yinowe Polyurethane Co., Ltd Shandong Yinoway Polyurethane Co., Ltd is a domestic professional PO, EO downstream derivatives and polyurethane professional manufacturers State intellectual property demonstration enterprises, the Ministry of Industry and Information Technology "manufacturing single champion" demonstration enterprises, the new three-board listed enterprises, in Zibo High-tech Zone, Qilu Chemical Park, Shanghai Jinshan Chemical Park has three major production and operation, research and development base Yinoway as vice chairman of the China Polyurethane Industry Association and the director of the professional committee of polyurethane waterproof and paving materials, to lead the industry green environmental protection and high-quality development as the concept, set up a strict quality, safety, environmental protection management system With post-doctoral workstation, Shanghai Enterprise Technology Center, Shandong Province Engineering and Technology Research Center, is committed to creating a high-quality, international one-way brand For more information, please visit: about BASF at BASF, we create a new role in chemistry - the pursuit of a sustainable future We combine economic success, social responsibility and environmental protection With more than 117,000 employees worldwide, BASF contributes to the success of customers in almost all countries and industries Our products are divided into six business areas: chemicals, materials, industrial solutions, surface treatment technology, nutrition and care, agricultural solutions BASF's global sales in 2019 were EUR 59 billion BASF's shares are listed on the Frankfurt (BAS) stock exchange and are traded on the US stock market in the form of american depositary receipts (BASFY) For more information, please visit: