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Core Viewpoint - BASF has signed an agreement to acquire a 49% stake in the joint venture Alsachimie from Domat Chemical, aiming to strengthen its position in the European polyamide (PA) 6.6 precursor production sector and integrate key raw materials in the PA66 value chain [2][3]. Group 1: Acquisition Details - The acquisition will make Alsachimie a wholly-owned subsidiary of BASF, with the transaction expected to be completed by mid-2025 [2]. - Alsachimie focuses on producing key precursors for polyamide, including KA-oil, adipic acid, and hexamethylenediamine salt (AH salt) [3]. Group 2: Strategic Implications - The acquisition allows BASF to better control raw material supply, enhance production efficiency, and solidify its market leadership in high-demand sectors such as automotive and textiles [3]. - Domat Chemical can concentrate on providing customized polyamide solutions for automotive, consumer goods, industrial, and electrical electronics sectors [3]. Group 3: Market Context - The global nylon industry is undergoing significant changes, with traditional producers in Europe, the US, and Japan facing challenges due to rising energy costs, stricter environmental regulations, and weak market demand [6]. - In contrast, the Chinese nylon industry is experiencing rapid growth, with domestic production capacity for nylon 66 expected to exceed 1 million tons by the end of 2024 [7]. Group 4: Industry Trends - The global PA66 production capacity is projected to surpass 5 million tons per year by 2030, with production and consumption expected to rise to approximately 2.8 million tons [5]. - Innovations in production processes and the development of high-performance nylon materials are being driven by companies like Zhengzhou University and Kingfa Technology, enhancing the competitiveness of the Chinese nylon industry [7].