BASF opens first phase of the new antioxidants manufacturing plant in Shanghai
| Subj: Press-releses
BASF today inaugurated a new, world-scale antioxidants manufacturing plant at its Caojing site in Shanghai, China. With an annual capacity of 42,000 tons, the plant will produce antioxidants and associated forms and blends for the plastic additives market. The units for powder blending, liquid antioxidants and formgiving are now operational as part of the plant’s first phase.
“With this investment, we strengthen our position as the leading global supplier of antioxidants,” said Dr. Markus Kamieth, Member of the Board of Directors, BASF SE. “Asia is the world’s largest antioxidants market and China accounts for almost 65% of the market in Asia. We expect the market will show attractive growth rates in the medium to long term.”
“BASF wants to be the leading chemicals supplier for our customers,” said Dr. Stephan Kothrade, President, Functions Asia Pacific, President and Chairman Greater China, BASF. “By investing in advanced production plants in China, we want to anticipate and fulfill our customers’ needs even better. We will combine our unique expertise in the chemical industry with our customers’ competencies, and jointly develop solutions that are both profitable and responsible.”
Located at BASF’s Caojing site in the Shanghai Chemical Industry Park, the new plant will benefit from its proximity to BASF’s regional research and development center in Shanghai; a hub that provides technical support to polymer producers across the region.