MOSCOW (MRC) -- BASF, the world's leading chemical company and the global leader in plastic additives, has successfully completed the expansion of its antioxidant capacity in Singapore, reported the company on its site.
Irganox 1010 is now produced at BASF’s site along with other antioxidants on Jurong Island as part of BASF’s global production network.
The facility enjoys a strategic central location with excellent infrastructure. With global plastics production projected to grow above GDP level in Asia and the Middle East, BASF will ensure continuous and reliable supply of antioxidants for its customers in the polymer industry. In doing so, BASF further optimizes its production footprint in Asia Pacific.
According to its Asia Pacific strategy, BASF plans to invest EUR10 billion in the Asia Pacific region by 2020 in order to ensure that around 75% of its products sold in the region will be locally produced.
BASF has a global network of regional antioxidants production sites including Shanghai (China), Jurong (Singapore), Kaisten (Switzerland), McIntosh, AL (USA), and Lampertheim (Germany). In line with this new investment, the current production of Irganox 1010 at the Isohara plant, Japan will be consolidated in Singapore.
As MRC wrote previously, in mid-September, SIBUR, a leading Russian gas processing and petrochemicals company, and the German chemicals giant BASF signed a long-term cooperation memorandum to supply additives used for polymer production and processing at SIBUR’s production facilities. The deal provides for supplies of additives used to produce polypropylene, polyethylene, synthetic rubbers, thermoplastic elastomers (TPE), and ABS plastics at SIBUR's production facilities, with BASF ensuring also technical support.
Besides, BASF is investing several hundred million euros in expanding its additive production sites over the next five years.
BASF is the leading chemical company. It produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries.
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