2016-11-08, 11:50 |
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Within the next five years, BASF plans to invest globally more than 200 million Euro in its plastic additives business, approximately half of which in Asia, focusing on capacity expansions and operational excellence. Plastic additives improve product properties such as scratch resistance or light stability, and optimize plastics manufacturing processes. “BASF will strengthen its plastic additives business with investments in additional capacities to meet increasing global demand for antioxidants, as well as light stabilizers. Moreover, we will invest in digital processes and technology to support our customers as a reliable supplier in all regions”, said Dr. Christian Fischer, President, BASF Performance Chemicals division. The planned set of measures focuses on capacity expansions at sites in North America and Europe as well as investments in automation, digital technologies and modelling. In addition, BASF plans to strengthen its plastic additives production footprint in Asia. Two new light stabilizers In addition to investments, innovation remains an integral part of BASF’s business strategy. At the K Fair in Düsseldorf, Germany, BASF’s plastic additives business recently launched two new light stabilizers:
More information: www.basf.com |
BASF SE, Ludwigshafen, Germany
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