China: Market Demand BASF to Increase Alkoxylate Capacity in Asia Pacific
BASF has acquired Sinopec Shanghai Petrochemical Company’s assets in Jinshan, China with an aim to boost alkoxylate production in the backdrop of its rising demand in the Asia Pacific market especially China.
Shanghai/China – BASF will increase its alkoxylate capacity in Asia Pacific, with its latest investment in Jinshan, China. The company has acquired land, buildings and assets of SPC, related to alkoxylates production, adjoining the BASF Jinshan site, in order to fulfil the growing demand from customers across Asia Pacific, especially China. With the current alkoxylate line in the Care Chemicals Jinshan plant running at full capacity, this acquisition will help double the capacity at Jinshan from end 2020.
“This investment reinforces BASF’s commitment to China and makes Jinshan a significant production base for a range of products across the Care Chemicals portfolio in the region,” said Dr. Stephan Kothrade, President and Chairman Greater China, BASF.
“Expanding production capabilities in Asia to support our customers’ growth is a key pillar of our business strategy. We see multiple positive implications with this investment in Asia, including enhancing our supply chain to serve our customers more efficiently, establishing a stronger base for our innovate-to-market approach and providing future expansion possibilities on the site,” said Dr. Rajan Venkatesh, Senior Vice President, Care Chemicals, BASF Asia Pacific.
“We are seeing a rising demand for high-quality alkoxylates in the Asia Pacific market, especially in China. This strategic expansion will double our alkoxylates capacities in Jinshan and increase our overall capacity in Asia Pacific. We will focus on maximising synergies between the existing and new operations and supporting the growth of our customers and the market,” said Dr. Jianwen Mao, Vice President, Business Management Greater China, Home Care, Industrial & Institutional, and Industrial Formulators, Care Chemicals, BASF Asia Pacific.
Alkoxylation technology is used in the manufacture of surfactants that are employed in a wide range of industry segments, including home care, formulations for laundry detergents, surface cleaners and dishwasher detergents, personal care, industrial and institutional cleaning applications as well as industrial formulations like in raw materials for the manufacture of plasticizers, emulsifiers for emulsion polymerisation, crop protection additives, and polyurethane foams for the rubber industry.