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(downstreamtoday) -- BASF India
Limited will invest EUR150 million to set up a new chemical production site at
the Dahej Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR),
located on the west coast of India in Gujarat.
The new site will be an integrated hub for polyurethane manufacturing and
will also house production facilities for care chemicals and polymer dispersions
for coatings and paper. With this new production site, BASF aims to ensure local
supply for growing markets and industries such as appliances, footwear,
automotive, construction, adhesives, architectural coatings, paper and personal
care. The start of production is planned for 2014.
"With its robust local industries, India is set to become a pillar of growth
in Asia Pacific. The country's changing demographic profile and the resulting
need for improved quality of life are driving increasing market demand. With the
new manufacturing facility, we will be able to serve our customers better by
developing solutions that meet their individual needs as well as strengthen
their competitive advantage," said Dr. Martin Brudermueller, Vice Chairman of
the Board of Directors of BASF SE, responsible for Asia Pacific.
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