Emissions-control company purchased in China
December 15, 2006
Filed under Uncategorized
BASF Corp. has acquired a motorcycle catalyst business in China in an effort to meet a growing demand for emissions-control technology.
BASF Catalysts LLC, a wholly owned subsidiary formed by BASF, will acquire Guilin REEcat Catalyst Co., Ltd., a motorcycle emissions-control catalyst manufacturer based in Guilin, China.
The transaction will be completed by the end of the second quarter of 2007.
“As a world leader in catalysts, we believe it’s important that we continue to expand our strong technology presence throughout the world, particularly in the fast-growing China market,” said Wayne Smith, BASF’s Catalysts division president, in a prepared statement.
In 2008, China will adopt Euro III emissions regulations, which call for significant reductions of hydrocarbon, nitrogen oxide and carbon monoxide emissions from two-wheel vehicles.
Founded in 1991, REEcat is a mobile emission-control technologies developer. The company manufactures and sells catalysts and systems for motorcycles and small engines. The company has a manufacturing plant and a research and development center in Guilin, and sales offices in Guangdong and Chongqing, China.