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BASF and Highsun Holding Group signed a non-binding MoU to explore combining their European polyamide 6 value chain activities in a 50:50 joint venture, potentially including global extrusion activities outside North America. The engineering plastics downstream businesses are not in scope.
“The European chemical industry needs to become more competitive. It requires supportive industrial policies as well as consolidation to create stronger companies that are better positioned to compete successfully on a global scale.”basf.com
Summarized from public sources; check the original articles before acting on it.