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Home  > Markets & companies  > Raw materials market  > BASF expands coatings business in ASEAN

Tuesday, 29 September 2020
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Markets & companies, Raw materials market

BASF expands coatings business in ASEAN

Monday, 15 December 2008

The coatings market in ASEAN, with a total size of EUR 2.8 billion, accounts for about 15% of the entire coatings market in Asia-Pacific. Thailand represents the largest coatings market within ASEANbut there is also significant growth in Vietnam, Indonesia and the Philippines.

BASF has expanded its coatings business in ASEAN, with Thailand at the centre, to serve the large coatings market in the region for motorcycles, industrial coatings, and the automotive industry. BASF (Thai) Limited reached an agreement with Eason Paint Plc (Thailand) to become the manufacturing base for its customers across ASEAN, including automotive and industrial coatings customers. The company’s motorcycle coatings in Thailand will be exclusively produced by Eason Paint. The coatings producer also signed an agreement to acquire the motorcycle coatings business of NOF (Thailand) Limited, establishing its own sales and marketing function in Thailand to support customers in the ASEAN region.

With the new business set-up, BASF aims at supporting automotive and industrial coatings customers in the ASEAN region. Source: BASF Coatings AG

With the new business set-up, BASF aims at supporting automotive and industrial coatings customers in the ASEAN region. Source: BASF Coatings AG

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