01 August 2013 15:59 [Source: ICIS news]
HOUSTON (ICIS)--BASF is investing €2m ($2.7m) to expand production of waterborne coatings at its Demarchi Coatings site in Sao Paulo, Brazil, the Germany-based chemicals major announced on Thursday.
BASF is increasing capacity of both waterborne primer and basecoats to meet the growing demand of automotive original equipment manufacturer (OEM) for waterborne technology coatings.
“We aim to meet our customers’ demand that has been driven by new automotive manufacturing plants in Brazil and also by the tendency for waterborne technology instead of solvent borne,” said Antonio Carlos Lacerda, senior vice president of the Functional Solutions Segment and Infrastructure for BASF South America.
The expansion project is expected to be completed in early 2014.
($1 = €0.75)
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