BASF is investing in a dispersions plant in Huizhou, China, which will have an annual capacity of 100,000 tonnes and produce XSB dispersions for the paper industry and acrylic dispersions for industries including printing, packaging and adhesives.
The facility will benefit from local availability of raw materials and proximity to key customers who serve Asia’s fastest growing consumer markets. Production is scheduled to begin in the first quarter of 2012. The investment is part of BASF’s growth strategy for Asia Pacific, which has the goal of doubling sales by 2020.
“This is an important step for BASF in Asia, following the establishment of our Paper Chemicals division in 2009,” says EngSoo Chew, Senior Vice-President, Paper Chemicals Asia Pacific. “The investment strengthens our commitment to the paper and board industry, with South China offering one of the fastest-growing markets in the region.”
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