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Markets :: Specialty Chemicals :: Paints and Coatings
BASF invests in coating resins plant in Shanghai
10:04 AM MDT | July 30, 2013 | Natasha Alperowicz
BASF is investing about €90 million ($119.4 million) to set up a world-scale production plant at the Shanghai Chemical Industry Park, the company announced today. The new plant will produce high-performance resins and electrocoat (e-coat). Start-up is planned for the second half of 2015. The plant will help to address increasing demand for high quality coatings solutions in growing industries, notably automotive, in Asia/Pacific, the company says. “The continued investment in our infrastructure and capacity demonstrates our strong commitment to...
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