Corrected: CHINAPLAS '12: BASF plans to grow Hexamoll DINCH market

19 April 2012 07:15  [Source: ICIS news]

Correction: In the ICIS story headlined "CHINAPLAS '12: BASF plans to grow Hexamoll DINCH market" dated 19 April 2012, please read in the second paragraph ... High molecular weight phthalates... instead of ... Non-phthalate plasticisers.... and in the fifth paragraph …project in Asia… instead of …project in Malaysia… A corrected story, with recasts, follows.

SHANGHAI (ICIS)--BASF, a global player in the plasticiser market, plans to focus on increasing the market share of its phthalate-free specialty plasticiser Hexamoll DINCH in the global plasticiser market, a senior company executive said in an interview with ICIS at the Chinaplas 2012 exhibition.

“High molecular weight phthalates, such as di-isononyl phthalate [DINP] and di-propyl heptanol phthalate [DPHP], along with non-phthalate plasticisers, will be playing a more and more important role in the plasticiser market as being much safer and healthier than dioctyl phthalate [DOP],” said Torsten Penkuhn, senior vice president of BASF in southeast Asia.

Environmental regulation and growing safety concerns have resulted in customers’ demand for the phthalate-free plasticisers growing at a much faster rate, he said.

“We expect the growth rates for DINCH to be at or over the GDP rates in Asia and in global markets in the future, while DOP growth rates will be lower than GDP rates,” Penkuhn said.

The company is planning a Hexamoll DINCH project in Asia, which is still pending approval, Penkuhn said, adding that product from the project will be supplied to the Chinese market. Further details on the project were not immediately available.

“It is part of [BASF’s] strategy to grow the Hexamoll DINCH market in Asia, especially for ‘sensitive’ applications such as toys, medical devices and food packaging,” said Penkuhn.

“We'll continue to provide comprehensive solutions for our customers’ needs and expect more of this product in the future,” he added.

Chinaplas 2012 runs from 18-21 April in Shanghai, China.



By: Rachel Yang



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