BASF Signs Manufacturing Agreement With Chinese Company
SHANGHAI – BASF’s Coatings Division has entered into a manufacturing agreement with Guangdong Yinfan Chemistry Co. Ltd. (Yinfan) in which Yinfan will manufacture automotive refinish coatings for BASF. Yinfan will use BASF formulas and technologies to manufacture the coatings, which will target the non-premium segment, at its new production plant in Jiangmen City, China.
“Establishing a reliable, regional manufacturing footprint for automotive refinish coatings is important for fulfilling the growing market demands,” said Peter Fischer, Senior Vice President, Coatings Solutions Asia Pacific, BASF. “Yinfan has outstanding competencies in ensuring production and quality. Partnering with Yinfan supports BASF’s ambitious plan in this fast-growing market.”