News Release - BASF Asia Pacific
News Release - BASF Asia Pacific
News Release - BASF Asia Pacific
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<strong>News</strong> <strong>Release</strong><br />
<strong>BASF</strong> expands automotive coatings production in<br />
China<br />
‣ State-of-the-art facility for basecoat production in Shanghai<br />
‣ Supports growth of Chinese automotive industry<br />
Shanghai, China – August 14, 2012 – <strong>BASF</strong> Shanghai Coatings<br />
Company Limited is investing in a new basecoat plant at the<br />
Shanghai Chemical Industry Park in Shanghai, China. The new<br />
plant will increase the company’s local production capacity for<br />
basecoat by 13,500 tons per annum. The investment represents an<br />
important step to strengthen <strong>BASF</strong>’s position as a leading coatings<br />
supplier to the automotive industry in China. Basecoat gives color to<br />
and determines the visual impression made by the painted car body.<br />
Media Contact<br />
Karen Wu (Hong Kong)<br />
Phone: +852 2731 1228<br />
Fax: +852 2731 5645<br />
karen.ng@basf.com<br />
Susan Fan (Hong Kong)<br />
Phone: +852 2731 1260<br />
Fax: +852 2731 5685<br />
susan.fan@basf.com<br />
The new coatings plant is planned to start production in the first half<br />
of 2014. It will be designed according to the latest and most<br />
environmentally friendly manufacturing processes and technologies.<br />
<strong>BASF</strong> Shanghai Coatings Company Limited is a joint venture with<br />
15 years of successful partnership between <strong>BASF</strong> and Shanghai<br />
Coatings Company Ltd. The joint venture is already running a<br />
production facility in the district of Minhang in Shanghai.<br />
“In China, <strong>BASF</strong> has been supplying coatings reliably to international<br />
and domestic car makers for more than 15 years. As a long-term<br />
partner, we have witnessed how China has become a world leader<br />
in automotive production,” said Peter Fischer, Senior Vice President,<br />
Coatings Solutions <strong>Asia</strong> <strong>Pacific</strong> at <strong>BASF</strong>. “Our investment in<br />
additional local coatings production facilities reflects our commitment<br />
<strong>BASF</strong> East <strong>Asia</strong> Regional<br />
Headquarters Limited<br />
Corporate Communications<br />
45F, Jardine House<br />
No 1 Connaught Place<br />
Central, Hong Kong<br />
www.asiapacific.basf.com
Page 2<br />
to address the current and future needs of our automotive customers<br />
in this dynamic market.”<br />
“With our latest technologies, innovative coatings solutions and<br />
processes, we will continue to invest in strengthening our<br />
infrastructure to support the growing automotive industry in China,”<br />
Fischer continued.<br />
<strong>BASF</strong> is the coatings supplier who introduced waterborne basecoats<br />
to China in 2005. It is also the world’s number one chemical supplier<br />
to the automotive industry. The company offers a wide range of<br />
products for use in the automotive industry throughout the value<br />
chain, for automotive manufacturers and suppliers and in customer<br />
service.<br />
About <strong>BASF</strong> Coatings<br />
<strong>BASF</strong> Coatings, the Coatings Division of the <strong>BASF</strong> Group, develops, produces and<br />
markets a high-quality range of innovative automotive OEM coatings, automotive<br />
refinishes and industrial coatings as well as decorative paints. <strong>BASF</strong> has significant<br />
market positions in the Coatings sector in Europe, North America, South America<br />
and the <strong>Asia</strong> <strong>Pacific</strong> region. In 2011 <strong>BASF</strong> Coatings achieved global sales of<br />
almost €2.8 billion. The internet address of <strong>BASF</strong> Coatings is www.basfcoatings.com.<br />
A copy of <strong>BASF</strong> customer magazine Coatings Partner can be<br />
downloaded from www.coatingspartner.com<br />
About <strong>BASF</strong><br />
<strong>BASF</strong> is the world’s leading chemical company: The Chemical Company. Its<br />
portfolio ranges from chemicals, plastics, performance products and crop<br />
protection products to oil and gas. We combine economic success, social<br />
responsibility and environmental protection. Through science and innovation we<br />
enable our customers in almost all industries to meet the current and future needs<br />
of society. Our products and system solutions contribute to conserving resources,<br />
ensuring healthy food and nutrition and helping to improve the quality of life. We<br />
have summed up this contribution in our corporate purpose: We create chemistry<br />
for a sustainable future. <strong>BASF</strong> posted sales of about €73.5 billion in 2011 and had<br />
approximately 111,000 employees as of the end of 2011. Further information on<br />
<strong>BASF</strong> is available on the Internet at www.basf.com or in the Social Media<br />
<strong>News</strong>room at newsroom.basf.com.