01 June 1995 00:00 [Source: APC]
By Alan Tyler
One of the main western investors in China's speciality chemicals sector is German firm BASF, involved in the market for over 100 years. It currently has five jvs up and running and, with a total investment of some DM600m (US$432m), is the largest foreign investor so far in the Chinese chemical industry. Of the new planned ventures, nylon and nylon carpet fibres will be produced with three Chinese partners in Shanghai - Yangzi BASF Styrenics Co, based in Nanjing, Shanghai BASF Colourants and Auxiliaries Co in the Puding Industrial zone of Shanghai and Jinling BASF Resins Co of Nanjing; vitamins and vitamin blends in Shenyang, in China's northeast, together with the North East General Pharmaceutical Factory; and neopentyl glycol (NPG) in Jilin, in partnership with the Jilin Chemical Industrial Corp. NPG is used in the production of solvent free powder resins.
The company has also been in partnership with the Shanghai Gao Qiao Petrochemical Corp for nearly ten years, operating the joint venture Shanghai Gao Qiao Latex Co to produce polymer dispersions for coating paper and carpeting. Since early 1983 BASF has had another joint venture with the same partner to operate a larger and more efficient plant at Pudong, producing styrene/butadiene dispersions. BASF also has a regional office in Hong Kong and three representative offices in Beijing, Shanghai and Guangzhou.
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