BASF Revamps Leather And Textile Chemicals Business
Leather Chemicals will focus on core technologies for automotive and premium leather applications. Textile Chemicals will focus on value-adding steps such as printing and finishing and solutions for manufacturing premium textile items.
BASF will establish a global innovation center for its Leather and Textile Chemicals BU within the BASF Innovation Campus in Shanghai.
The company will eliminate 65 positions, including 29 in Germany, to adjust to the BU's new setup, and will create approximately 23 positions to support anticipated growth in China, India and Turkey.
The reorganization is expected to be completed by the end of 2014.