BASF said in a release that it plans to invest in a dispersions plant in Daya Bay Petrochemical Industrial Park in Huizhou, China.
With an annual capacity of 100,000 tons, the new plant will produce XSB dispersions for the paper industry and acrylic dispersions for industries such as coatings, construction, printing & packaging and adhesives, the chemical company said.
Manufacturing Digital understands the facility will benefit from local availability of raw materials and proximity to key customers who serve Asia’s fastest-growing consumer markets.
Production is scheduled to begin in the first quarter of 2012, subject to government approval.
“This is an important step for BASF in Asia, following the establishment of our Paper Chemicals division in 2009. The investment strengthens BASF’s commitment to the paper and board industry, with South China offering one of the fastest-growing markets in the region. With this facility, we are well positioned to support our customers’ aspirations for growth and success in the South,” said EngSoo Chew, Senior Vice President, Paper Chemicals Asia Pacific.
“With our upstream monomer integration in China, world-scale dispersion plants exceeding half a million tons in capacity and unique process for manufacturing low-VOC dispersions, we are well positioned to support our customers’ strong growth with a reliable supply of water-based acrylic dispersions in the region,” added Gops Pillay, Senior Vice President, Dispersions & Pigments Asia Pacific.
The investment is part of BASF’s growth strategy for Asia Pacific, which has the goal of doubling sales by 2020.
SOURCE: BASF
Edited by Ellie Duncan