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BASF SE and the Chinese Highsun Holding Group (HSCC) are examining the merging of their respective European activities along the polyamide 6 (PA6) value chain. To this end, the companies on 19. October 2026 signed a non-binding letter of intent. The subject of the talks is a joint venture in which both partners would each hold 50 percent.
Extrusion business outside North America is also the subject of the audit
In addition, the partners are investigating whether their worldwide extrusion activities outside North America could be brought into the joint company. The downstream engineering plastics divisions of both companies are expressly excluded. Project teams from both companies have been set up and are now examining the possible cooperation. Information on specific investments, financial conditions or a schedule was not given.
With a possible merger, the companies want to bundle selected production capacities and technologies. BASF expects this to result in higher plant utilization and reduce costs. The considerations are in the context of competitive and consolidation pressure in the European chemical sector. A decision on the establishment of the joint venture has not yet been made.
Production networks to polyamide 6 and precursors
BASF produces polyamides and precursors in Ludwigshafen (Germany), Antwerp (Belgium), Caojing (China) and Freeport (USA), among others. The consumer industries include the packaging and textile industries. It has not yet been specified which European locations or business activities could be included in the possible joint venture.
Highsun operates along the polyamide 6 value chain and is one of the major manufacturers of caprolactam, an crucial raw material to PA6. According to its own information, the group of companies operates 31 production sites in China and Europe. Her manufacturing focuses include the Chinese provinces of Fujian, Jiangsu and Guangdong, as well as Limburg in the Netherlands.
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