15 April 2013 14:18 [Source: ICIS news]
LONDON (ICIS)--BASF's new chemicals production site at Dahej, India, is on track to begin production in early 2014, the Germany-based chemicals giant said on Monday.
Cost of the project - on the west coast of India in Gujarat and being developed by local subsidiary BASF India - is estimated at around Indian rupees (Rs) 10bn, ($183.12m), BASF said.
The project, which broke ground a year ago, represents BASF’s largest single investment in India. The plant will be an integrated hub for polyurethane manufacturung, and will house production facilities for care chemicals and polymer dispersions for coatings and paper, according to the company.
The polyurethane compounds produced at the facility will serve India’s appliances, footwear, automotive, construction, agricultural coatings, paper and personal care industries, BASF added. The plant will employ 250 people.
“The new site will strengthen our position in important northern and western markets and also complement the existing manufacturing set up in Mangalore, Ankleshwar and Thane,” said Prasad Chandran, chairman of BASF Companies in India and head South Asia.
($1 = Rs54.61)
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