- In April 2023, Kemira strengthened its presence in the sodium formate market by acquiring the sodium formate business from Perstorp, aiming to broaden its portfolio and serve industrial clients more effectively. This acquisition highlights Kemira’s strategic intent to capitalize on the growing industrial demand for sodium formate
- In March 2023, Clariant introduced a new range of sodium formate products specifically designed for the leather tanning industry, promising enhanced efficiency and improved quality in tanning processes. This launch underscores Clariant’s commitment to innovation and meeting evolving customer needs in specialty chemicals
- In January 2023, BASF expanded its sodium formate production facility in Ludwigshafen, Germany, to address the rising demand from key industries such as leather, oil & gas, and de-icing. This move reflects BASF’s proactive approach to scaling production in response to market growth
- In August 2020, BASF enhanced its manufacturing capabilities in China by acquiring alkoxylates production assets from Sinopec Shanghai Petrochemical Company (SPC), including property and infrastructure near its Jinshan operations. This strategic acquisition marked BASF’s continued investment in expanding its footprint and production efficiency in Asia
