BASF Shanghai Coatings Company Limited is investing in a new basecoat plant at the Shanghai Chemical Industry Park in Shanghai, China. The new plant will increase the company’s local production capacity for basecoat by 13,500 tons per year. According to Peter Fischer, senior vice president, Coatings Solutions Asia Pacific at BASF, the investment represents an important step to strengthen BASF’s position as a leading coatings supplier to the automotive industry in China.
“In China, BASF has been supplying coatings reliably to international and domestic car makers for more than 15 years," Fischer said. "As a long-term partner, we have witnessed how China has become a world leader in automotive production. Our investment in additional local coatings production facilities reflects our commitment to address the current and future needs of our automotive customers in this dynamic market.”
The new coatings plant is planned to start production in the first half of 2014, and will be designed according to the latest and most environmentally friendly manufacturing processes and technologies.
ABOUT BASF SHANGHAI COATINGS COMPANY
BASF Shanghai Coatings Company Limited is a joint venture with 15 years of successful partnership between BASF and Shanghai Coatings Company Ltd. The joint venture is already running a production facility in the district of Minhang in Shanghai.