MOSCOW (MRC) -- BASF, the German chemicals giant, broke ground on a new Innovation Campus in Navi Mumbai, India, said the company in its press release.
The company will invest approximately EUR50 million via BASF Chemicals India Private Limited, a wholly owned subsidiary of BASF SE. The facility will accommodate around 300 scientists investigating areas such as crop protection, process development and polymer research.
In 2020, BASF aims to generate EUR30 billion of sales worldwide with products that have been introduced in the market since 2011. The basis for these innovations is effective and efficient research and development. To achieve this ambitious goal, BASF is further developing the research organization and bundling its competencies in three global platforms, with the headquarters of Advanced Materials & Systems Research based in the Asia Pacific region. The BASF Innovation Campus (Mumbai) will be a key hub of BASF’s global research and development (R&D) network, and, next to Shanghai, BASF’s second major R&D location in Asia Pacific.
The BASF Innovation Campus (Mumbai) will host global research activities and regional and local development activities. Development activities will serve BASF’s Performance Chemicals, Care Chemicals, and Pigments & Dispersions businesses. By combining development activities with global research, the campus will foster exchange of know-how and ideas about latest technologies and methods, ensure access to state-of-the-art equipment, and create synergies.
The BASF Innovation Campus (Mumbai) will begin operation in 2017 and will include synthesis, application, process, and analytical laboratories. Along with scientific facilities, the 20,000 square meter site includes technical facilities, logistics areas, a full-scale auditorium and canteen, and employee amenities areas.
As MRC wrote before, BASF entered into a definitive agreement to fully acquire the business and assets in Taiwan and Mainland China of Taiwan Sheen Soon (TWSS), a leading manufacturer for thermoplastic polyurethanes (TPU) adhesives base material.
BASF in India has 2,254 employees at eight production sites and sales offices as well as two R&D centers. In 2013, BASF registered sales of EUR1.02 billion to customers in India.
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. BASF had sales of about EUR74 billion in 2013 and over 112,000 employees as of the end of the year.
MRC