BASF breaks ground on new resin plant in Shanghai, China
- World-class facility to start operation in second half of 2015
- Investment supports rising demands for high quality coatings in growing industries in Asia Pacific
“Through this project we demonstrate once again how we make customers more successful,” said Dr. Albert Heuser, President Greater China and Functions Asia Pacific, BASF. “As part of our Asia Pacific strategy, we aim to produce locally 75% of what we sell in Asia Pacific. By implementing this project, we are taking an important step towards our strategic goal and at the same time, serving an important market need in China.”
This new resin and e-coat plant will be located adjacent to another new BASF automotive coatings plant which will start operation in the second quarter of 2014. The close proximity of these two plants will allow for more synergies and efficiency.
“With this new resin plant we will be stepping up our commitment to China even further. The new facility, which is literally next door to our new coatings plant, is a key component to further strengthen our local footprint and to respond to our customers even quicker. It will be a world-class resin and e-coat plant using the latest production technology for the manufacturing of advanced coatings," said Peter Fischer, Senior Vice President, Coatings Solutions Asia Pacific, BASF.
About BASF’sCoatings Division
BASF’s Coatings division develops, produces and markets innovative automotive coatings, automotive refinishes and industrial coatings as well as decorative paints. We operate sites in Europe, North America and South America as well as Asia Pacific. Within this network, we collaborate closely with our customers all over the world. In 2013, the Coatings division achieved global sales of €2.9 billion. More information about the division is available at www.basf-coatings.com.
BASF 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 about €74 billion in 2013 and over 112,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.