08 November 2012 16:25 [Source: ICIS news]
LONDON (ICIS)--BASF is to construct a new research facility at its Ludwigshafen headquarters in Germany, the chemicals giant said on Thursday.
Costing an estimated €50m ($64.1m) the 4,300 square metre complex will feature facilities for around 200 material physicists and additive, formulation and polymer researchers, the company said. The centre is expected to be completed in the second half of 2015.
"We expect this project to generate additional impulses for material research,” said Christian Fischer, head of BASF’s materials and system research division.
($1 = €0.78)
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