20 July 2011 14:22 [Source: ICIS news]
LONDON (ICIS)--Germany-based chemicals giant BASF said on Wednesday that the customer-specific antioxidant blends (CSB) production facility it is planning to build in Bahrain, to support the fast growth of its customers in the Middle East, will be operational by the end of 2012.
Construction of the CSB facility, which will have an annual capacity of about 16,000 tonnes/year, will start in September 2011, BASF said.
CSBs are key additives for the production of polymers in the plastics industry, especially in the ?xml:namespace>
“BASF is very much committed to further strengthen its plastic additives business, ranging from antioxidants and light stabilisers to pigments,” said Hans Reiners, president of BASF’s performance chemicals division.
The company said the new CSB plant would be in addition to the existing manufacturing agreement for CSBs with
“The expected growth of plastic polymer production in [the] Middle East will get an additional push by increasing efforts to grow the plastics downstream market locally,” said John Frijns, senior vice president of plastics additives in Europe/EAWA.
($1 = €0.71)
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