Fine Chemicals BASF Plans to Expand its Fine Chemicals Business to India
BASF wants to participate in the growth of India's pharmaceutical industry: The German chemicals giant plans to open a production for fine chemicals in Mangalore, India , in 2013. There, the company plans to produce catalysts for local pharma companies.
Mangalore/India – Start-up of the new production line is slated for the second quarter of 2013. This project will mark BASF's first manufacturing operation for chemical catalysts in Asia Pacific. “This expansion will allow us to cost effectively increase our manufacturing footprint and production capacity, leveraging an existing BASF facility to enhance our proximity to customers in the Asia Pacific region,” stated Dr. Hans-Peter Neumann, Senior Vice President, of Process Catalysts and Technologies at BASF's Catalysts division.
How BASF Plans to Take A slice of India's Pharma–Boom
India is a significant growth market for the pharmaceutical industry. Here, an emerging middle class and a growing population drive the need for new and cost-effective drugs and remedies – a market that offers attractive perspective for foreign and domestic companies. “By introducing a new production line for precious metal-based fine chemical catalysts in India, we will expand our offerings to meet the needs of local pharmaceutical producers,” said Mr. Prasad Chandran, Chairman, BASF Companies in India & Head South Asia.
Catalysts Key Materials For Pharmaceutical Industry
Catalysts play a key role in the production of active pharmaceutical ingredients, agrochemicals, flavors and fragrances and nutrition components. Optimum catalyst selection and operation ensures the highest process yields and efficiencies.