BASF Increases Global Additives Capacity
Within the next five years, BASF, Ludwigshafen, Germany, plans to invest globally more than EUR 200 million 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.
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