06 November 2012

BASF inaugurates Innovation Campus Asia Pacific and Greater China HQ in Pudong, Shanghai

- Expansion of Pudong site with €55 million investment 
- Site will be one of BASF’s largest outside of Germany 

Shanghai, China – 06 November 2012 – BASF, the world’s leading chemical company, today inaugurated its first BASF Innovation Campus Asia Pacific and its new Greater China headquarters. The € 55 million expansion of BASF’s site in Pudong, Shanghai, where the new facilities are located, marks the company’s most important innovation investment in the region to date. Ultimately employing more than 2,500 employees, the site will be one of BASF’s largest outside of Germany. 

“Innovations based on chemistry will play a key role in providing solutions to help Asia Pacific meet the challenges of sustainable development. Through close cooperation with materials scientists, technical experts, business colleagues and customers, BASF will create innovations from Asia, for Asia and the world. By 2020, we expect to have about 25 percent of our global R&D headcount in this region,” said Dr. Martin Brudermueller, Vice Chairman of the Board of Executive Directors of BASF SE, responsible for Asia Pacific. BASF employs more than 800 people in research and development in Asia Pacific. 

At the first phase of the new Innovation Campus Asia Pacific, around 450 researchers and developers in technical teams from 17 regional business units will come together, forming a powerful innovation hub for BASF in Asia Pacific. Scientists in close proximity to local markets will work in international and multi-disciplinary project teams. The Innovation Campus will also help intensify development of local scientific and technical talent and to foster collaboration with universities and scientific institutes in Asia Pacific. Further expansion of the facility is also planned. 

At the site, researchers will focus on advanced materials and sustainable solutions. Examples include biobased polymers for home and personal care applications, tailor-made binders for waterproofing in a variety of local climate and weather conditions, thermally conductive plastics for energy-efficient lighting, and advanced polyurethane formulation for shoe components. Additionally, a strong analytics and material physics team will support the R&D activities. 

China is BASF’s third-largest market worldwide. The new Greater China head office will include administration, functional units, and sales and marketing for its business units with more than 1,500 work stations, comfortable social areas on each floor, and a state-of-the-art, multi-function theater. 

Globally, at about 70 research and development centers, more than 10,000 BASF researchers in various disciplines are engaged in about 2,800 research projects around the world. In 2011, BASF filed about 1,050 patents worldwide. 

BASF has been a committed partner to Greater China since 1885. With major investments in Nanjing, Shanghai and Chongqing, BASF is one of the largest foreign investors in the Chinese chemical industry. In Greater China, BASF posted sales of over €6.5 billion in 2011 and employed approximately 7,770 people as of the end of that year. The company operates 28 BASF wholly owned subsidiaries and 17 BASF joint ventures in Greater China. 

BASF is the world’s leading chemical company. BASF posted sales of about €73.5 billion in 2011 and had more than 111,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). 

Source: BASF