BASF will invest 2billion euros in the Asia Pacifi

BASF will invest 2billion euros in the Asia Pacific region in the next five years

on the afternoon of March 23, Bo mule, an executive board member in charge of BASF's global plastic business and Asia Pacific business, said that the company would have large investment projects in China. BASF's integrated isocyanate project in Caojing, Shanghai, with an investment of US $1billion, was put into operation in the middle of 2006; The Nanjing integrated petrochemical production base, located in Nanjing, will make a phase II investment of US $1.4 billion. The Nanjing integrated petrochemical production base is jointly built by BASF and Yangzi Petrochemical under Sinopec. It is currently in the expansion stage, which is also BASF's largest overseas investment project

in addition, the company is located at the world-class level in Chongqing and has set up MDI production bases for utilization technology research centers and industrialization centers in Shanghai and Huaibei. At present, the company is conducting economic analysis with the competent departments of Chongqing, and the Chongqing municipal government is also striving for project approval. Bo mule would not disclose the specific amount of the project, but the production base is a world-class MDI production base. After the completion of the project, the annual output will reach 400000 tons of crude MDI. BASF signed a memorandum of understanding with Chongqing Chemical and medical holding (Group) Co., Ltd. and local authorities in 2007 that the speed limit of 1~500mm/min is enough. The company is expected to be put into commercial operation in 2014

Bo mule also told that even though Jin helped Mongolia join the organization to solve the crisis, the company did not reduce its investment in the Chinese market. In BASF's five-year plan, that is, from 2009 to 2013, the company expects to invest 2billion euros in the Asia Pacific region, of which the proportion of investment in China is not small

as a world leading chemical enterprise, BASF will also establish a new polyurethane cellasto production base in Shanghai at the beginning of 2010 to provide services for the growing Chinese automotive market. It is estimated that the annual output can meet the demand of 5million vehicles

in 2009, BASF's sales reached 50.7 billion euros, and its sales in Greater China exceeded 4.1 billion euros, of which the group's sales in the plastic business reached 7.1 billion euros, accounting for 15% of the group's total sales

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