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BASF to Set up New Production Plant in Shanghai
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| 6 June 2006 |
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BASF Electronic Materials will invest €4 million in establishing a new plant in Shanghai, China, for the purification and mixing of electronic chemicals (solvents and etchants). The new plant will begin production in the third quarter of 2006 and will serve local customers within the rapidly growing market for the manufacturing of integrated circuits.
“BASF’s investment in this new plant underlines our commitment to provide our Chinese customers with a reliable supply of tailor-made formulations from local production,” said Karl-Rudolf Kurtz, Group Vice President of BASF Electronic Materials. By 2010, BASF Group aims to achieve 70 percent of sales in the chemicals businesses in Asia Pacific from locally produced products.
The plant includes production facilities, a warehouse, administration and marketing offices as well as a laboratory.
www.basf.com
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