MOSCOW (MRC) -- BASF’s European production sites for ethylene oxide have experienced significant technical problems leading to a Force Majeure declaration on ethylene oxide on May 19, 2015, reported the producer on its site.
Due to the ethylene oxide (EO) shortage BASF has subsequently to declare Force Majeure for EO-based products produced in Europe in the portfolio of Home Care and Industrial & Institutional Cleaning, Formulation Technologies, AgChem Additives and certain EO-based products in the portfolio of Personal Care.
The resulting effects of the Force Majeure for customers are currently being evaluated. BASF expects that the supply situation of the affected products will improve towards end of June. Meanwhile BASF is implementing measures to limit the consequences for its customers. BASF will continuously inform customers about the development and the details regarding the supply capability with the affected products.
As MRC wrote previously, in October BASF, the German chemicals giant, and Archroma agreed on the sale of BASF’s global textile chemicals business to Archroma, a supplier of specialty chemicals to the textile, paper and emulsions industries.
Archroma is a portfolio company of SK Capital Partners, a private investment firm with focus on the specialty materials, chemicals and healthcare sectors. It is planned to integrate the business into the Archroma Textile Chemicals Specialties business. Currently, the textile chemicals business is part of BASF’s Performance Chemicals division.
BASF is the world’s leading chemical company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. BASF had sales of about EUR74 billion in 2013 and over 112,000 employees as of the end of the year.
MRC