BASF opens first automotive coatings production plant in Thailand
The new plant is the first BASF automotive coatings manufacturing facility in ASEAN, and will produce solventborne and waterborne automotive coatings to meet growing market demand in the region.
Largest market within ASEAN
According to the LMC Automotive Report, this year’s total car production in ASEAN is anticipated to reach around 3.9 million. Thailand will account for more than 50% of this market, representing the largest coatings market within ASEAN, followed by Indonesia and Malaysia. “With our capabilities in Thailand, we meet the increasing demand for sustainable coatings solutions,” said Peter Fischer, Senior Vice President, Coatings Solutions Asia Pacific, BASF.
Potential for future expansion
The new production plant complements the facilities at the Coatings Technical Competence Center ASEAN, which was opened in September 2015. The co-location of production and technical facilities enables operational efficiency and speed to market. The new plant’s design has the potential for future expansion and the flexibility to adapt to new production requirements and changing industry trends.