|
(TradingMarkets) -- BASF
SE, the world's biggest chemical company, announced yesterday that it
would set up a dispersion plant in Huizhou, Guangdong Province, as part of a
planned expansion in the fast-growing Asia-Pacific region.
The plant will make XSB dispersions for papermaking and acrylic dispersions
used in coating, construction, printing, packaging, and adhesives, with a
production capacity of 100,000 tons a year. The plant will procure raw materials
from local companies to shore up the key BASF partners in the fastest-growing consumer market in
Asia.
The company expects to put the new plant into production in the first quarter
of 2012, but the detailed timetable will depend on government approval. The
investment, according to the Germany-based company, is part of a development
strategy in the Asia-Pacific region, which targets doubled sales revenue by
2020.
mrcplast.com |
