BASF has signed a strategic collaborative proposal with leading automotive parts manufacturer Chongqing BOAO Industrial Co., Ltd. (“Boao”) to partner for the development of polyurethane (PU) system products in China.
Mr. Wang Wuyang, Chairman, Boao Group, says: “We are delighted to be cooperating with our long-term partner, BASF, to explore new PU composite applications for the construction industry.”
However, both the parties will continue to explore the development of new PU systems for structural parts in the automotive industry.
As per the cooperation pact, BASF will provide materials and technical knowledge while Boao will specifically focus on applications and product development. Together, the two parties will also advocate the use of polyurethane systems in construction and foster opportunities for market promotion.
Andy Postlethwaite, Senior Vice President, Performance Materials Asia Pacific, BASF, says: “Fueled by the strong growth of the construction industry, there is an increasing demand in China for composite products that provide superior insulation for energy efficiency, and excellent impact resistance for demanding structural applications.”
Boao is a leading producer of automotive parts and has been collaborating with BASF since 2003 on the development of polyurethane materials in automotive seating solutions.