Urgent.News

What's breaking now, across thousands of outlets.

Business

Chemieindustrie: BASF prüft Bau neuer Produktionsanlage in Indien

Der Chemiekonzern würde mit diesem Projekt sein Netzwerk für Kunststoff-Vorprodukte weiter ausbauen. Indien zählt bei diesem Vorhaben zu den attraktivsten Wachstumsmärkten.

Chemieindustrie: BASF prüft Bau neuer Produktionsanlage in Indien

Frankfurt - The German chemical company BASF is considering the construction of a new production complex in India to meet the growing demand in the region. The company has secured an industrial plot in Dahej, Gujarat, for a feasibility study to determine the feasibility of building an MDI (a plastic intermediate product) manufacturing facility, which is used in the production of polyurethane products for insulation, automotive, and furniture industries.

BASF's technology chief Stephan Kothrade highlighted India as one of the most attractive growth markets globally, stating that the company could better serve customers in India and neighboring markets with a local production facility. The final investment decision will depend on the outcomes of the ongoing study and the required permits.

BASF currently operates an MDI sub-plant and other production sites in Dahej through its Indian subsidiary. The potential new construction would expand the company's worldwide production network for MDI. Meanwhile, a $1 billion expansion of BASF's MDI plant in Geismar, USA, is close to completion, with additional MDI plants in Belgium, China, and South Korea.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

More from Monday 21 September →