BASF opens new 50 million euro automotive coatings plant in Shanghai
On July 24, BASF Shanghai Coatings Co. Ltd. inaugurated its new 50 million euro automotive coatings plant at the Shanghai Chemical Industry Park in Shanghai, China.
The new automotive coatings plant is located adjacent to another new BASF resin and electrocoat plant which will start operation in the second half of 2015.
"BASF is the leading chemical partner for the automotive industry. This investment further signifies our commitment to our automotive customers and to supporting the dynamic growth of China's automotive market," says Dr. Andreas Kreimeyer, Member of the Board of Executive Directors of BASF SE and Research Executive Director.
The plant, equipped with high quality ventilation and off gas treatment systems, is designed to have a closed handling of ingredients according to the latest and most environmentally friendly manufacturing processes, said Peter Fischer, Senior Vice President, Coatings Solutions Asia Pacific, BASF.
BASF Shanghai Coatings Co. Ltd. is a Joint Venture (JV) between BASF Group and Shanghai Huayi Fine Chemical Co. Ltd.
"We will continue to invest in strengthening our local production in China and Asia to respond even faster to our customers," adds Dr. Albert Heuser, President Functions Asia Pacific, President and Chairman Greater China, BASF.
