BASF expands and relocates Electronic Materials R&D Center Asia Pacific to Ansan, South Korea

• New three-story facility at BASF’s Ansan site scheduled to open by the second half of 2024
• Center to be an additional key location for global semiconductor R&D

Seoul, South Korea – August 24, 2023 – BASF has announced plans to relocate its Electronic Materials Research and Development (R&D) Center from Suwon to the company’s Ansan site in South Korea to enhance its research and development efficiency. On August 23, the company held a groundbreaking ceremony to mark the beginning of construction.

The new R&D center, which will be larger than the previous Suwon facility, will focus on fostering innovative growth and R&D by working closely with domestic and global customers, especially in the field of the semiconductor materials. In addition to the Electronic Materials R&D Center, the three-story facility will include a warehouse for products produced at the Ansan site. The new building is scheduled to open by the second half of 2024.

Through this relocation, BASF’s Ansan site will become an important hub for engineering plastics production and R&D since it is already home to the Engineering Plastics Innovation Center (EPIC) Korea and the Consumer Electronics Competency Center (CECC), which opened in November 2021. 

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €87.3 billion in 2022. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.