BASF to strengthen business with engineering plastics in Asia by new production facilities

25-Feb-2005

BASF will significantly expand its compounding capacities for engineering plastics in the Asia-Pacific region in the next two years. The company will build a new compounding plant at its existing Pudong site in Shanghai, China. Construction of the new facility will start in the first quarter 2005. The plant will have an annual capacity of about 45,000 metric tons. It is scheduled to come on stream by end of 2006.

In addition, BASF is expanding its compounding facility in Pasir Gudang, Malaysia. The expansion from 30,000 metric tons to about 45,000 metric tons annual production capacity will be completed by the second quarter of 2005. Together with the plant in Pudong, the total investment will range in the double-digit million Euro area. Both plants produce Ultramid® (polyamide PA) and Ultradur® (polybutylene perephthalate PBT) compounds.

"The expansion of our compounding capacities is a strategic decision to meet the future demand of our customers in the fast growing market for engineering plastics in Asia", said Raimar Jahn, President of BASF Performance Polymers. In the next 10 years, the Asia Pacific market for engineering plastics is expected to grow on average by about 8 percent per year. Expanding the engineering plastics business in Asia is another step towards BASF's goal to generate 20 percent of sales and earnings in its chemical activities in Asia Pacific and increase the share of local production to 70% by 2010.

After the two investments in Pudong and Pasir Gudang have been completed, BASF´s compounding capacity for engineering plastics in the Asian region will exceed 100,000 metric tons per year.

https://www.chemeurope.com/en/news/43709/basf-to-strengthen-business-with-engineering-plastics-in-asia-by-new-production-facilities.html