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BASF to expand its Yeosu facility for MDI

June 16/2011

(Plastemart) -- BASF has signed a Memorandum of Agreement to expand its Yeosu facility for MDI (diphenylmethane diisocyanate). The Yeosu site was established in 1998 and currently has an annual production capacity of 190 KT MDI, 160 KT TDI (toulene di-isocyanate), and 20 KT of CCD (Carbonyl Chloride Derivatives).

BASF and other companies will collectively invest a total of KRW 80 billion (approx EUR 50 mln) in Yeosu Industrial Complex between 2011 and 2012, increasing the capacity of the MDI site from its current 190 KTa to 250 KTa.

"According to our Asia Pacific Strategy 2020, we will invest EUR 2.3 billion in the Asia Pacific region from 2011-2015. With this investment we are supporting the plans of Jeollanamdo Province for rapid and sustainable development. At the Yeosu site, we are producing products that help our customers increase energy efficiency and lower carbon emissions," said Albert Heuser, President, Market and Business Development Asia Pacific for BASF.

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