BASF starts up new polyisocyanates production line in Caojing, China
- New production line for HDI based polyisocyanates produces high performance Basonat® resins for transportation, industrial coatings and adhesives
- Meets growing customer demand in Asia Pacific, improves supply flexibility and reliability
Caojing, China – September 5, 2014 – BASF is further strengthening its production footprint in Asia Pacific with the start-up of a second production line for hexamethylene di-isocyanate (HDI) based polyisocyanates in Caojing, China. BASF has been operating an aliphatic isocyanates plant at the same site since 2006.
This wholly-owned BASF production plant will benefit from close proximity to raw material and largest market for aliphatic isocyanates in Asia. Its advanced production line will ensure safe and efficient operations, with the flexibility to adapt to new customer requirements.
“The start-up of this second production line will enhance supply security and flexibility to meet the growing market demand for high performance resins. It will also enable us to make timely adjustments to our product portfolio, in response to the fast-changing market situation in Asia Pacific,” said Jeff Knight, Senior Vice President, Dispersions & Pigments, Asia Pacific, BASF.
The new production line will focus on the production of biuret and isocyanurate under the BASF brand Basonat®, for all transportation coating segments (Original Equipment Manufacturer, refinish and parts), industrial coatings and adhesives as well as serving the entire Asia Pacific region.
This investment represents another milestone in BASF’s Asia Pacific strategy. By 2020, BASF aims for local production of approximately 75% of the products it sells in the Asia Pacific region in order to intensify its collaboration with and strengthen its supply position to customers in Asia Pacific. To achieve this, BASF is investing €10 billion together with its partners from 2013 - 2020 to further develop its local production footprint in Asia Pacific.
About BASF’s Dispersions and Pigments division
The Dispersions and Pigments division advances its customers’ formulations, leveraging its industry expertise and comprehensive portfolio. The division produces raw materials such as pigments, resins, additives, polymer dispersions for adhesives, fiber bonding and construction chemicals which are used in the industries of coatings and paints, printing & packaging, construction, adhesives and electronic displays. In line with the BASF corporate values, the division fosters innovation and drives sustainable solutions for the customers and industries that it serves. For more information about the Dispersions & Pigments division, please visit http://www.dispersions-pigments.basf.com.
About BASF
At BASF, we create chemistry – and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world’s leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of about €74 billion in 2013 and over 112,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.
