BASF and Sanyo Chemical sign MoU for collaboration on PUDs
The two parties aim to jointly develop and produce innovative products with strong sustainability contribution. “The PUD market demand is expanding and formulators are looking for improved product performance. They also look for sustainable solutions to comply with local regulations or to meet their corporate responsibility goals. This collaboration will allow both parties to reduce time-to-market of their new technologies and to accelerate conversion to water-based systems,” said Sylvain Huguenard, Vice President, Resins & Additives, Asia Pacific, BASF.
“Japan has a long history in developing innovative solutions and transferring them to the overseas markets. Conversion to water-based system is a global trend. The cooperation will enable customers to access the best-in-class PUDs globally,” said Kouzoh Kubota, Vice President of BASF Japan.
The MOU enables the strategic collaboration of BASF and Sanyo Chemical. It enhances joint development and allows the two companies to leverage on the production networks for PUDs.