Shanghai, China - 06 March 2014 - BASF broke ground on a new resin and electrocoat (e-coat) plant at the Shanghai Chemical Industry Park in Shanghai. With its operation scheduled to commence in the second half of 2015, the plant will help to address the increasing demand for high quality coatings solutions in various growing industries, notably the automotive industry, in Asia Pacific. The new plant will be located adjacent to another new BASF automotive coatings plant which will start operation in the second quarter of 2014. The close proximity of these two plants will allow for more synergies and efficiency.
“As part of our Asia Pacific strategy, we aim to produce locally 75% of what we sell in Asia Pacific. By implementing this project, we are taking an important step towards our strategic goal and at the same time, serving an important market need in China,” said Dr. Albert Heuser, President Greater China and Functions Asia Pacific, BASF.
“ With this new resin plant we will be stepping up our commitment to China even further. The new facility, which is literally next door to our new coatings plant, is a key component to further strengthen our local footprint and to respond to our customers even quicker. It will be a world-class resin and e-coat plant using the latest production technology for the manufacturing of advanced coatings," said Peter Fischer, Senior Vice President, Coatings Solutions Asia Pacific , BASF .
BASF’s Coatings division develops, produces and markets innovative automotive coatings, automotive refinishes and industrial coatings as well as decorative paints. It operates sites in Europe, North America and South America as well as Asia Pacific. In 2013, the Coatings division achieved global sales of €2.9 billion.
BASF is the world’s leading chemical company. BASF had sales of about €74 billion in 2013 and over 112,000 employees as of the end of the year.