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Wednesday, 18 September 2019
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Markets & companies, Coatings market

BASF opens new automotive coatings plant in Shanghai

Thursday, 24 July 2014

BASF’s Investment of around EUR 50 million is aimed at supporting the growing Chinese automotive industry.

The opening ceremony of BASF’s new automotive coatings plant at the Shanghai Chemical Industry Park. Source: BASF SE

The opening ceremony of BASF’s new automotive coatings plant at the Shanghai Chemical Industry Park. Source: BASF SE

BASF Shanghai Coatings Co., Ltd. has inaugurated its new automotive coatings plant at the Shanghai Chemical Industry Park in Shanghai, China. The expansion of its automotive coatings production capacity with an investment of around EUR 50 million further strengthens the company’s presence in China and its position as a leading coatings supplier to the automotive industry.

"This investment further signifies our commitment to our automotive customers and to supporting the dynamic growth of China’s automotive market,” said Dr. Andreas Kreimeyer, Member of the Board of Executive Directors of BASF SE and Research Executive Director.

The new automotive coatings plant is located adjacent to another new BASF resin and electrocoat plant which will start operation in the second half of 2015. The close proximity of these two plants with access to facilities of BASF Caojing site and the Shanghai Chemical Industry Park will allow greater synergies and operational efficiency.

"We plan our investments according to the anticipated market development and customer demands. We will continue to invest in strengthening our local production in China and Asia to respond even faster to our customers,” added Dr. Albert Heuser, President Functions Asia Pacific, President and Chairman Greater China, BASF.

BASF Shanghai Coatings Co., Ltd. is a joint venture between BASF Group and Shanghai Huayi Fine Chemical Co., Ltd., with more than 17 years of successful partnership.

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