BASF to invest in new chemical production site in India
MUMBAI, India — BASF India Limited will invest $195 million to set up a new chemical production site at the Dahej Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), located on the west coast of India in Gujarat.
The new site will be an integrated hub for polyurethane manufacturing and will also house production facilities for care chemicals and polymer dispersions for coatings and paper.
With this new production site, BASF aims to ensure local supply for growing markets and industries such as appliances, footwear, automotive, construction, adhesives, architectural coatings, paper and personal care. The start of production is planned for 2014.
“With its robust local industries, India is set to become a pillar of growth in Asia Pacific. The country’s changing demographic profile and the resulting need for improved quality of life are driving increasing market demand. With the new manufacturing facility, we will be able to serve our customers better by developing solutions that meet their individual needs as well as strengthen their competitive advantage,” said Dr. Martin Brudermueller, vice chairman of the Board of Directors of BASF SE, responsible for Asia Pacific.