Dahej, Bharuch, India - 07 October 2014 - BASF India Limited has inaugurated its large-scale chemical production complex at Dahej in Gujarat, India. With a project cost of INR 1,000 crore (approximately €150 million), the site represents BASF’s single largest investment in India. The site currently employs 200 people directly and 300 people indirectly. In the near future, the site will offer direct employment opportunity to 50 additional people.
Mr. Michael Heinz, Member of the Board of Executive Directors, BASF SE said: “As part of our investment plans of more than €10 billion in Asia Pacific between 2013 and 2020, we want to strengthen our production platform in India. With our new Dahej site we are enhancing our position as supplier with local production and can even better ‘create chemistry’ with our customers. With our advanced technologies and the commitment of our team in India, we will both contribute to and benefit from India’s huge market potential.”
Dr. Raman Ramachandran, Chairman, BASF Companies in India & Head South Asia, said: “With this production hub, including the first MDI splitter in South Asia, we are well positioned to increase our long-term competitiveness significantly in this key market. We will serve our customers in the Asia Pacific region even better through stable product supply in terms of both quality and volume.”
The site includes an integrated hub for polyurethane manufacturing and production facilities for care chemicals and polymer dispersions. The care chemicals facility at the Dahej site hosts the first BASF sulfation plant in India, which will cater to customers in the fast-moving consumer goods sector.
BASF had sales of about €74 billion in 2013 and over 112,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).
BASF in India has 2,254 employees at eight production sites & sales offices and two R&D centers. In 2013, BASF registered sales of €1.02 billion to customers in India.