BASF starts concrete admixtures production in Russia
07 August 2012 15:43 [Source: ICIS news]
LONDON (ICIS)--BASF has opened its first production plant for concrete admixtures in ?xml:namespace>Russia to supply the domestic construction market, the chemicals producer said on Tuesday.
The plant is located at BASF’s existing site in the Podolsk district of the Moscow region.
“Russia, as an emerging market, is very attractive for us. We expect the Russian construction industry to grow annually by seven per cent in the next three years,” said Tilman Krauch, head of BASF’s Construction Chemicals division.
“By investing into local production of our high-tech admixtures we can serve our customers in Russia even more effectively and flexibly,” he added.
Germany-based BASF said the size of the Russian market for concrete admixtures is worth about €140m ($173m) annually.
“Construction companies in Russia are asking for more and more high-performance concrete to build projects in various climatic zones of Russia from Vladivostok to Kaliningrad. This results in an ever-increasing demand for BASF admixtures, providing a good reason to start local production in Russia,” said Sergey Vetlov, general director of BASF Stroitelnye Sistemy.
($1 = €0.81)By: Franco Capaldo+44 (0)20 8652 3214
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