29 July 2013 09:10 [Source: ICIS news]
SINGAPORE (ICIS)--BASF is building a new 100,00 tonne/year Ultramid polymerisation plant in Shanghai, China, the German chemicals major said on Monday.
The new wholly-owned unit to be constructed at the Shanghai Chemical Industry Park in Caojing, is expected to start up in 2015, it said in a statement.
Financial details of the new plant were not disclosed.
“The demand for polyamide products in the engineering plastics, fibre and film industries will grow strongly, particularly in China,” said Hermann Althoff, senior vice president for global polyamide and intermediates business unit at BASF.
“The investment enables us to participate in this growth and supply our Asian customers with locally manufactured high performance products,” Althoff said.
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