BASF to invest in new resin plant in Shanghai, China
- Investment of around €90 million to support growing demands for automotive coatings in Asia Pacific
- World-class facility with latest resin production technology
- Production start planned for second half 2015
Shanghai, China – July 30, 2013 – BASF is investing around €90 million to set up a world-scale production plant at the Shanghai Chemical Industry Park in Shanghai, China. The new plant will produce high performance resins and electrocoat (e-coat). The start-up of the production line is planned for the second half of 2015. The plant will help to address the increasing demand for high quality coatings solutions in growing industries, notably the automotive industry, in Asia Pacific.
“The continued investment in our infrastructure and capacity demonstrates our strong commitment to supporting our customers’ growing business in the automotive market in Asia Pacific, particularly in China,” said Peter Fischer, Senior Vice President, Coatings Solutions Asia Pacific. “With the new plant in place, we will respond to customers even quicker and further enhance our efficiency of logistics and supply of advanced coatings products.”
This new resin and e-coat plant will be located adjacent to another new BASF automotive coatings plant which broke ground in early 2013. The close proximity of these two plants will allow for more synergies and efficiency.
Resin is a key intermediate used in the production of various types of coatings. The new facility will supply resins with the latest technology to support the company’s expanding coatings production and growth plans.
Applying the latest technologies, BASF’s new plant will also supply CathoGuard® 800, an e-coat that is ideally suited for the new standard of integrated coatings application processes and contains less than one percent solvents. E-coat is a critical coating layer in automotive production, protecting a car’s surfaces, edges and cavities from corrosion, as well as being the base for applying subsequent paint layers.
BASF is the world’s leading chemical supplier to the automotive industry. The company offers a wide range of products for use throughout the whole value chain, for automotive manufacturers and suppliers and in customer service.
About the Coatings Division
In the Coatings division, BASF develops, produces and markets a high-quality range of innovative automotive OEM coatings, automotive refinishes and industrial coatings as well as decorative paints. BASF has significant market positions in the Coatings sector in Europe, North America, South America and the Asia Pacific region. In 2012 the Coatings Division of the BASF Group achieved global sales of nearly €3 billion. The internet address is www.basf-coatings.com. You can download a copy of BASF customer magazine Coatings Partner from www.coatingspartner.com
About BASFBASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. 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 €72.1 billion in 2012 and more than 110,000 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.