TAGS: PVC, Plasticizers and Sustainability
BASF invests in Jinshan, China to increase its alkoxylate capacity in Asia Pacific. The company has acquired land, buildings and assets of SPC, related to alkoxylates production, adjoining the BASF Jinshan site, in order to fulfil the growing demand from customers across Asia Pacific, especially China. With the current alkoxylate line in the Care Chemicals Jinshan plant running at full capacity, this acquisition will help double the capacity at Jinshan from end 2020.
Alkoxylation technology is used in industrial formulations like in raw materials for the manufacture of plasticizers, emulsifiers for emulsion polymerization, crop protection additives, and polyurethane foams for the rubber industry.
Investment Reinforces BASF’s Commitment to China
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This investment reinforces BASF’s commitment to China and makes Jinshan a significant production base for a range of products across the Care Chemicals portfolio in the region,” said Dr. Stephan Kothrade, president and chairman Greater China, BASF.
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Expanding production capabilities in Asia to support our customers’ growth is a key pillar of our business strategy. We see multiple positive implications with this investment in Asia, including enhancing our supply chain to serve our customers more efficiently, establishing a stronger base for our innovate-to-market approach and providing future expansion possibilities on the site,” said Dr. Rajan Venkatesh, senior vice president, care chemicals, BASF Asia Pacific.
There is a rising demand for high-quality alkoxylates in the Asia Pacific market, especially in China. This strategic expansion will double alkoxylates capacities in Jinshan and increase the overall capacity in Asia Pacific. BASF will focus on maximizing synergies between the existing and new operations and supporting the growth of its customers and the market.
Source: BASF