06 November 2012 07:41 [Source: ICIS news]
SINGAPORE (ICIS)--BASF on 6 November inaugurated its first Innovation Campus Asia Pacific and its new Greater China headquarters as part of a €55m ($70.5m) expansion of its site in Pudong, Shanghai, the major chemical company said in a statement on Tuesday.
The company said this marks its most important innovation investment in the region to date and the site will be one of BASF’s largest outside of Germany.
“Innovations based on chemistry will play a key role in providing solutions to help Asia Pacific meet the challenges of sustainable development. Through close cooperation with materials scientists, technical experts, business colleagues and customers, BASF will create innovations from Asia, for Asia and the world,” said Dr Martin Brudermueller, vice chairman of the board of executive directors at BASF.
At the site, researchers will focus on advanced materials and sustainable solutions such as energy efficiency lighting, footwear and bio-based personal care. Additionally, a strong analytics and material physics team will support the research and development activities, the company added.
($1 = €0.78)
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