Germany's BASF completes antioxidant capacity expansion in Singapore

18 October 2013 08:37  [Source: ICIS news]

SINGAPORE (ICIS)--BASF has completed the expansion of its antioxidant capacity at Jurong Island in Singapore, the chemicals major said on Friday.

The company’s Irganox 1010 antioxidant is now produced at the Jurong Island site, it said in a statement without elaborating further on capacity and financial details of the expansion project.

“In line with this new investment, the current production of Irganox 1010 at the Isohara plant, Japan, will be consolidated in Singapore,” it said.

BASF plans to invest €10bn ($13.7bn) in the Asia Pacific region by 2020 to ensure that about 75% of its products sold in the region will be locally produced, it added.

($1 = €0.73)

By: Nurluqman Suratman

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly