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Polyisocyanate plant to be built in Shanghai Chemical Industry Park

Worldwide expansion of coatings raw materials business continues

BASF is investing in a new polyisocyanate plant in the Shanghai Chemical Industry Park in Caojing near Shanghai, China. Construction of the plant, with an annual capacity of around 8000 metric tons, is to begin mid-2005. It is scheduled to go into operation at the end of 2006. The resulting polyisocyanates, raw materials for the manufacture of automotive, industrial and wood paints, will supply the entire Asian market. The investment amounts to around $US30 million.

"We will gradually but systematically expand our worldwide business in coatings raw materials with production plants in the regions that count for us", explains Dr. Gerd Löbbert, head of BASF's Performance Chemicals for Coatings, Plastics and Specialties unit. In Europe, BASF is already one of the leading suppliers of coatings raw materials.

Through imports, BASF has continually developed its market share in Asia as well. Construction of the new polyisocyanate plant in Caojing will further improve BASF's position in this region, especially in China, says Löbbert.

BASF Performance Chemicals – always one idea ahead!
The product range of BASF's Performance Chemicals for Coatings, Plastics and Specialties business unit includes pigments, preparations and dyes, binders and cross linkers, light stabilizers and process chemicals. Our products are manufactured and marketed worldwide. We are one of the leading suppliers in these fields. Further information on our products may be found at: www.basf.de/pigment, www.basf.de/resins.

Source: BASF Performance Chemicals