BASF and Shanhu Industry enter partnership to develop lightweight, low-emission polyurethane system products
- Partnership to meet market demand in China’s automotive industry
Shanghai, China – May 30, 2019 – BASF and leading automotive parts manufacturer Liyang Shanhu Industry Auto Trim Material Co., Ltd. (“Shanhu Industry”) today signed a strategic cooperation agreement to develop lightweight and low-emission polyurethane (PU) system product applications.
“There is an increasing demand in China for composite products that make automotive parts lighter for fuel efficiency, and with lower emissions and odor for better interior car air quality. Together with Shanhu Industry, we will meet this market need,” said Desmond Long, Vice President, Business Management Transportation, Performance Materials Asia Pacific, BASF.
Under the agreement, BASF will provide material and technical expertise in the development of innovative product applications by Shanhu Industry.
“We have had great success with BASF in developing the paper honeycomb trunk floor business in the last decade. We are delighted to continue working with BASF, to explore new PU system product applications for the automotive industry. These include new reinforced polyurethane composites, sound absorbing and low volatile organic compounds (VOC), low odor ceiling polyurethane foam, sound absorbing lightweight foam, paper honeycomb composites, and new skin materials,” said Mr. Li Tiansheng, Chairman, Shanhu Industry.
As a leading producer of automotive parts, Shanhu Industry has been partnering with BASF since 2008 on the development of polyurethane materials for the automotive industry. As part of the cooperation agreement, the two parties will also jointly promote the use of polyurethane systems in automotive product applications.
About BASF’s Performance Materials division
BASF’s Performance Materials division encompasses the entire materials know-how of BASF regarding innovative, customized plastics under one roof. Globally active in four major industry sectors – transportation, construction, industrial applications and consumer goods – the division has a strong portfolio of products and services combined with a deep understanding of application-oriented system solutions. Key drivers of profitability and growth are our close collaboration with customers and a clear focus on solutions. Strong capabilities in R&D provide the basis to develop innovative products and applications. In 2018, the Performance Materials division achieved global sales of €7.65 billion. More information online: www.plastics.basf.com
About BASF in Greater China
BASF has been a committed partner to Greater China since 1885. With larger production sites in Shanghai, Nanjing and Chongqing, BASF is a major foreign investor in the country’s chemical industry, and operates the Innovation Campus Shanghai, a global and regional research and development hub. BASF posted sales of over €7.3 billion in 2018 to customers in Greater China, and employed 9,317 people as of the end of that year. For further information, please visit www.basf.com/cn/en
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 122,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of around €63 billion in 2018. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.
