BASF and China’s Highsun Holding Group (HSCC), the world’s leading caprolactam producer, have signed a non-binding memorandum to explore merging their European polyamide 6 businesses into a 50:50 joint venture. The companies may also add their global extrusion activities outside North America, while excluding engineering plastics. The move aims to cut costs as Europe’s chemical industry struggles with weak competitiveness.
Source
https://www.basf.com/global/en/media/news-releases/2026/10/p-26-187
