The agreement reportedly intends for BASF to further develop a new class of high-performance automotive coatings based on Sirrus’ proprietary methylene malonate technology. BASF’s Coatings Division has entered into a joint development agreement with Sirrus Inc. The agreement reportedly intends for BASF to further develop a new class of high-performance automotive coatings based on Sirrus’ proprietary methylene malonate technology. “Being one of the leading paint suppliers to the automotive industry, BASF’s coatings division is an innovative partner for its customers and always strives for exploring new technologies,” said Harald Borgholte, vice president, strategic marketing and product development. “The methylene malonate platform is an interesting opportunity for us in many aspects, particularly to provide OEMs with more sustainable and energy-saving coating solutions.” About BASF’s Coatings division The Coatings division of BASF is a global expert in the development, production and marketing of innovative and sustainable automotive OEM and refinish coatings, as well as decorative paints. We create advanced performance solutions and drive performance, design and new applications to meet our partners’ needs all over the world. BASF shares skills, knowledge and resources of interdisciplinary and global teams for the benefit of customers by operating a collaborative network of sites in Europe, North America, South America and Asia Pacific. In 2016, the Coatings division achieved global sales of about €3.2 billion. In 2016, BASF acquired Chemetall, a leading global supplier of applied surface treatments for metal, plastic and glass substrates in a wide range of industries and end markets. With this expansion in portfolio, BASF becomes a more complete solution provider for coatings. About BASF At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 114,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of about €58 billion in 2016. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS).
“The automotive industry's drive toward reducing energy, capital and solvent in coating finishing technologies is inevitable,” said Jeff Uhrig, Sirrus CEO. “At the same time, the industry will not tolerate any loss in manufacturing throughput or performance of the finished coating. Our malonate platform is a key enabling technology in meeting the industry’s environmental, safety, cost-reduction, and performance goals.”