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BASF to start new production in China

August 20/2010

(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.

 

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BASF to start new production in China

MRC Reference

BASF. The share in the Russian market in 2008:
 PS - 9.1% (GPPS - 5.9%, ABS - 11.4%, EPS - 10.6%).

Annual sales growth in Russia over the 5 years:
 PS - 15%.

Imports by polymers processing technologies:
 foaming;
 injection molding


 

 

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