BASFY Opens PolyTHF Technology Licensing to Clients & Partners

Core Insights - BASF SE (BASFY) will offer licensing of its advanced polytetrahydrofuran (PolyTHF) 1800 production technology to clients and partners globally, enhancing its position as a leader in this technology [1][7] - The licensing initiative aims to create significant value for both BASF and its partners by providing lower-cost access to innovation and reducing delivery times [2][7] - The proprietary PolyTHF technology is utilized in various textiles, including swimwear, sportswear, underwear, shirts, and stretch jeans, due to its elastic spandex and elastane fibers [2][3] Company Strategy - The licensing will strengthen BASF's relationships with long-standing partners, enabling them to unlock value and foster innovation in the textile market [3][7] - BASF's shares have increased by 19.5% over the past year, contrasting with a 22.9% decline in the industry, indicating a relatively strong performance [3] Market Position - BASF currently holds a Zacks Rank of 3 (Hold), while other companies in the Basic Materials sector, such as Kinross Gold Corporation (KGC), Fortuna Mining Corp. (FSM), and Harmony Gold Mining Company Limited (HMY), have higher rankings [4] - KGC's current-year earnings estimate is $1.63 per share, reflecting a 139.71% increase, with shares rising by 184.8% in the past year [5] - FSM's earnings estimate stands at 83 cents per share, with a share increase of 104.2% in the past year, while HMY's 2026 earnings estimate is $2.66 per share, indicating a 112% rise from the previous year, with shares gaining 109.9% [8]