BASF has officially launched a new integrated production base project in Guangdong.

The $10 billion investment project is a major milestone
the world-class new integrated base will use cutting-edge technology and comply with the highest safety and environmental standards
the first plants will begin construction, will produce engineering plastics and thermoplastic polyurethane, serving a number of major industries
Today, BASF's $10 billion Guangdong new integrated production base (Verbund) project officially started in Zhanjiang, Guangdong Province, and began construction of the first plants. This is an important milestone for the project since it was announced in July 2018. The project's first plants will produce engineering plastics and thermoplastic polyurethanes (TPU) to meet the needs of customers in multiple growth industries in Southern China and throughout

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Bo, Chairman of BASF Europe's Executive Board of Directors, said the company's chief executive. "I am pleased that BASF is making progress on this major investment project in China," said Martin Brudermüller. We are committed to supporting our customers in South China by bringing them innovative products and solutions. "
cutting-edge technology and compliance with the highest safety standards, the new integrated base will serve as a model for sustainable production and contribute to China's circular economy," added Bo. Dr
. Cody Wen, President and Chairman of BASF Asia Pacific (Functional Management) and President and Chairman of Greater China. Stephan Kothrade said: "Zhanjiang is an excellent choice for BASF to further strengthen its local production capacity in China. Our new integrated production site will be the cornerstone of Zhanjiang's world-class industrial cluster, while supporting BASF's business development in Southern China and Asia. By
2022, the new engineering plastics modifier will contribute 60,000 tons of modified engineering plastic products per year to BASF in China and increase BASF's total production of modified engineering plastics products in the Asia Pacific region to 290,000 tons. BASF will use this to better meet the growing needs of its customers, particularly in industries such as automotive, electronics and new energy vehicles.
plans to fully implement the concept of intelligent production using cutting-edge technology at this integrated site. The new base will also feature technologies such as automated packaging, high-tech control systems and automatic guided vehicles.
BASF's integrated base will also contribute to the development of local communities in Zhanjiang. The company is working with local technical schools and other units to form strategic partners to train professionals.
,Ltd., a wholly owned subsidiary of BASF, has also been formally established. The company is primarily responsible for the operation of the new integrated base, reflecting BASF's commitment to the Chinese market.
signed the first memorandum of understanding with the Guangdong provincial government on an integrated base in Berlin, Germany, in July 2018 and a framework agreement in January 2019 to develop planning details. The Guangdong Integration Base will be BASF's largest overseas investment to date. The total investment is expected to be as high as US$10 billion and will be independently built and operated by BASF. Upstream and downstream production plants, from basic chemicals to consumer goods, will form an integrated value chain that supports growth industries such as consumer goods and transportation. The Guangdong Integrated Base will be BASF's third largest integrated production site in the world, after Ludwiggang, Germany, and Antwerp, Belgium. The first unit will be operational in 2022 and the entire integrated base is expected to be completed by 2030.
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