BANGKOK – BASF has opened an expanded Coatings Technical Competence Center ASEAN in Bangkok, Thailand. Located at the BASF site in Bangpoo, the center spans about 2,300 square meters and aims to serve automotive industry in the ASEAN region. The center is equipped with state-of-the-art facilities and laboratory for product development, performance testing, color design, as well as a production unit.
Peter Fischer, Senior Vice President, Coatings Solutions Asia Pacific, BASF, commented, “We believe that this center will become an important business partner to our car and motorcycle customers in the region by providing them with innovative, reliable coatings solutions and supply capability. Our technical and production footprint follows the market needs and supports our customers’ growth plans.”
The ASEAN region has demonstrated robust growth in automotive manufacturing, and Thailand is the region’s hub. By 2020, the compound annual growth rate of vehicle production in ASEAN is projected to be 4.6% from 2014 (source: LMCA August 2015).