BASF and Lafarge to set up a joint venture in Iraq

Byrebecca3360

Updated Tue, 17 Jun 2014 10:01:21 GMT

Iraq: BASF has entered into a joint venture with Lafarge to set up a new plant for the production and marketing of construction chemicals in the autonomous Iraqi region of Kurdistan. BASF said that the new production site would mainly produce concrete admixtures and cement additives and that the products would be offered to the local market.

For BASF, the joint venture offers the opportunity to further tap into Iraq's growth market with a partner that is already well-established in the region. "This initiative clearly represents BASF's interest and commitment to the Middle East," said Dick Purchase, the head of BASF Construction Chemicals division in the Middle East, West Asia, CIS and Africa. "With this joint venture we are fulfilling our Master Builders Solutions promise of connectedness by being closer to our clients, providing our innovative and sustainable solutions and creating new job opportunities in the region," he added. Under the Master Builders Solutions brand, BASF bundles its advanced chemical solutions for new construction, maintenance, repair and renovation of structures.