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BASF plans €10-billion investment in Asia in 2013–20

12:02 AM MDT | June 4, 2013 | Deepti Ramesh

BASF says that it will invest €10 billion ($13 billion) in Asia/Pacific from 2013–20 in order to achieve annual sales of €25 billion to customers in that region by 2020. BASF recorded sales of €12.5 billion in Asia/Pacific in 2012. The company says that it will add 9,000 new jobs in the region and that about 25% of BASF’s global R&D will be conducted in there by 2020. BASF currently employs about 17,000 people in Asia/Pacific. BASF estimates the cumulative annual growth rate for chemical production in Asia/Pacific through 2020 at...

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