HUIZHOU, China – BASF has announced plans to invest in a dispersions plant in Daya Bay Petrochemical Industrial Park in Huizhou, China. With an annual capacity of 100,000 tons, the new plant will produce XSB dispersions for the paper industry and acrylic dispersions for industries such as coatings, construction, printing and packaging, and adhesives. The facility will benefit from local availability of raw materials and proximity to key customers who serve Asia’s growing consumer markets. Production is scheduled to begin in the first quarter of 2012, subject to government approval. The investment is part of BASF’s growth strategy for Asia Pacific, which has the goal of doubling sales by 2020.
The investment reflects BASF’s focus on participating in the strong growth of markets in emerging Asia. The additional capacity will strengthen and complement its regional production network for XSB and acrylic dispersions, which currently includes plants in East China, Indonesia and India.