30 January 2013 08:02 [Source: ICIS news]
SINGAPORE (ICIS)--BASF Shanghai Coatings Co Ltd broke ground earlier on Wednesday to build a new automotive coatings plant at Shanghai Chemical Industry Park, the company said in a statement.
The production facility in Shanghai is scheduled to commence operation in early 2014, the statement said but did not disclose the total investment needed.
A company source said the unit will have a capacity to produce 13,500 tonnes/year of automotive coatings.
The coating plant will support “the dynamic growth of China’s automotive industry”, said Dr Albert Heuser, President Asia Pacific of BASF.
“High-quality coatings products and eco-efficient manufacturing processes are in enormous demand in China,” remarked Peter Fischer, Senior Vice President, Coatings Solutions Asia Pacific, BASF.
BASF Shanghai Coating Co is a joint venture between BASF (China) Co Ltd and Shanghai Coating Co Ltd.
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