BASF coatings sales fell 4% in the first half of the year

In addition, in April 2016, BASF also announced the acquisition of Yinfan Chemical Co.
, Ltd.
in Jiangmen, Guangdong, China, in order to strengthen the performance of the automotive refinish business in China and the Asia-Pacific market
.
On June 17, 2016, BASF also announced plans to acquire Chemetall, a subsidiary of Albemarle, for US$3.
2 billion, which is one of the world’s leading companies in the field of surface treatment products.
It mainly provides chemical products for the surface treatment of metals and plastics (8990, 70.
00, 0.
78%) for the industrial sector.
Headquartered in Frankfurt, Germany, it has 21 production plants, 10 R&D facilities and 24 sales offices in more than 20 countries around the world
.
In 2015, Chemetel Group's sales were 845 million U.
S.
dollars
.
The above two transactions will be completed in the second half of 2016 after the approval of relevant departments, and will be merged into the coatings business of BASF at that time
.