BASF’s new plant to tap growing needs
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BASF said yesterday that its new polymerization plant aims to serve its growing market in Asia-Pacific by strengthening local production and supply network.
“The demand for polyamide products in the engineering plastics, fiber and film industries will continue to grow strongly, particularly in China,” said Albert Heuser, BASF’s head for China.
“With the local production facility, we are well-positioned to support our customers’ strong growth and help them to develop innovative products for tapping market opportunities,” Heuser said.
The German chemical company inaugurated the wholly owned plant at the Shanghai Chemical Industry Park in Caojing yesterday.
The new plant will have a production capacity of 100,000 tons per year.
“This is the first investment in polyamide polymerization for BASF in Asia-Pacific and shows our strong commitment to this market,” said Kurt Bock, chairman of the board of executive directors at BASF.
“The innovative production setup enables us to respond to our customers’ needs even quicker with more flexibility,” Bock added.
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