"This is an important step for BASF in Asia, following the establishment of our Paper Chemicals division in 2009. The investment strengthens BASF's commitment to the paper and board industry, with South China offering one of the fastest-growing markets in the region. With this facility, we are well positioned to support our customers' aspirations for growth and success in the South," said EngSoo Chew, Senior Vice President, Paper Chemicals Asia Pacific.
"With our upstream monomer integration in China, world-scale dispersion plants exceeding half a million tons in capacity and unique process for manufacturing low-VOC dispersions, we are well positioned to support our customers' strong growth with a reliable supply of water-based acrylic dispersions in the region," said Gops Pillay, Senior Vice President, Dispersions & Pigments Asia Pacific.
The investment reflects BASF's focus on participating in the strong growth of markets in emerging Asia. The additional capacity will strengthen and complement its regional production network for XSB and acrylic dispersions, which currently includes plants in East China, Indonesia and India. XSB dispersions are used as coating binders for paper, while acrylic dispersions are used in paints and coatings, printing and packaging, construction materials and adhesives.
About BASF's Dispersions and Pigments Division
BASF is the leading global supplier of raw materials for the coating and paint industry. The new division Dispersions & Pigments combines all BASF offerings towards this industry. The portfolio encompasses pigments, resins, dispersions and a broad range of additives like light stabilizers and photoinitiators. Further end-use industries include construction materials, adhesives, printing and packaging. Our portfolio is focused on environmentally friendly systems, such as low-VOC water-based coatings.
About BASF's Paper Chemicals division
BASF's Paper Chemicals division offers process chemicals to optimize costs and increase machine efficiency, functional chemicals to lend specific properties to paper and finishing chemicals to improve the appearance and performance characteristics of printed paper and board. With this comprehensive portfolio, BASF is the leading supplier of paper chemicals worldwide.
BASF established Paper Chemicals as a separate division when it acquired Ciba in April 2009. The ISO 9001:2000-certified Paper Chemicals division operates sites in Europe, Asia and the Americas. For more information, go to http://www.paper-chemicals.basf.com.
BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals and oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €50 billion in 2009 and had approximately 105,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.