Hong Kong, China; Seoul, Korea – October 6, 2022 – Subject to the approval of all relevant authorities, BASF and Hannong Chemicals are planning to establish a production joint venture “BASF Hannong Chemicals Solutions Ltd.”.  BASF will hold 51% and Hannong Chemicals 49% shareholding, in the proposed joint venture.

The joint venture will combine BASF’s strong technology and product innovation capabilities with Hannong’s highly efficient production capabilities to supply best-in-class non-ionic surfactant products to BASF and Hannong Chemicals, each with their own sales and distribution network, enabling the two companies to cater for increasing market demand.

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