 "BASF begins work on Euro 140 mn automotive coatings plant in Shanghai")
BASF Shanghai Coatings Co Ltd conducting ground-breaking ceremony for its new automotive coatings plant at the company’s existing site at the Shanghai Chemical Industry Park in Caojing, Shanghai, China. The new plant, which involves investment of around Euro 140 million, is expected to start operation in the fourth quarter of 2017.
As the latest investment of the joint venture between BASF and Shanghai Huayi Fine Chemical Co Ltd, the new plant is an expansion of the automotive coatings plant, which began production in 2014 at the same site.
“With the expansion, we continue to invest in local production to get even closer to China’s automotive industry. As the leading chemical supplier to the automotive industry, BASF will take an active role in developing this rapidly growing business, based on our local production network, innovative power and market knowledge,” said Dr Stephan Kothrade, president and chairman Greater China, BASF.
In addition to this new plant, BASF also operates a production facility for resins and electrocoat at the same location. The close proximity of these plants allows for more synergies and efficiency. All plants are designed in a highly energy-efficient and sustainable manner, offering the potential for future expansion and the flexibility to adapt to new production requirements in the years ahead.
As the latest investment of the joint venture between BASF and Shanghai Huayi Fine Chemical Co Ltd, the new plant is an expansion of the automotive coatings plant, which began production in 2014 at the same site.
“With the expansion, we continue to invest in local production to get even closer to China’s automotive industry. As the leading chemical supplier to the automotive industry, BASF will take an active role in developing this rapidly growing business, based on our local production network, innovative power and market knowledge,” said Dr Stephan Kothrade, president and chairman Greater China, BASF.
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Dr Markus Kamieth, president, coatings solutions, BASF, added, “Our automotive OEM customers in China are increasingly looking for innovative, eco-efficient coatings solutions to drive sustainability in their processes. Adding world-class manufacturing and R&D capabilities in the country is our contribution to the rapidly evolving expectations of the automotive industry. This new investment in China is another example of our ongoing growth strategy in this region and in our automotive coatings business.”
In addition to this new plant, BASF also operates a production facility for resins and electrocoat at the same location. The close proximity of these plants allows for more synergies and efficiency. All plants are designed in a highly energy-efficient and sustainable manner, offering the potential for future expansion and the flexibility to adapt to new production requirements in the years ahead.