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Chemical company BASF has announced plans to build a new polymerization plant with a capacity of 100,000 metric tons per year in Shanghai, China.
The plant, which will be built at the Shanghai Chemical Industry Park in Caojing, will produce Ultramid® polyamide molding compounds, the company said.
As part of our long-term strategy, we aim to locate production close to our customers in the Asia Pacific region, so that we can better support their growth, operate more efficiently and collaborate more closely. BASF intends to grow two percentage points above the market in Asia Pacific and maintain our commitment to environmental protection as well as ensuring a positive contribution to society for a sustainable future," said Dr. Albert Heuser, president and chairman Greater China and Functions Asia Pacific.
"The demand for polyamide products in the engineering plastics, fiber and film industries will grow strongly, particularly in China," said Hermann Althoff, senior vice president of the Global Polyamide and Intermediates Business Unit. "The investment enables us to participate in this growth and supply our Asian customers with locally manufactured high performance products."
BASF operates Ultramid® polymerization plants in Ludwigshafen, Germany; Antwerp, Belgium; Freeport, Texas and São Paulo, Brazil.