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BASF plans to invest in the second phase of the expansion of its tBA production facility at BASF Properties Chemicals (Nanjing) Co., Ltd. in Nanjing, China. When completed, BASF's annual global production capacity will increase by more than 30 per cent. The plant is scheduled to start production in 2022 and uses BASF's advanced technology to significantly reduce the production of by-products
. BASF also has a production facility for statins in Antwerp, Belgium, and Gesma, Louisiana, USA.
"China is the world's largest chemical market and growth engine for chemical production, and it is also a global hub for tire manufacturing," said Dr. Cody Wen, President (Functional Management), President and Chairman of BASF Asia Pacific (Functional Management), Greater China. By investing in a brand new statin device in Nanjing, we are actively involved in this dynamic market to better meet the needs of our customers. Vasilios Galanos, senior global vice president of
's Asia-Pacific intermediates business, said: "Asia remains an important growth region for Statins. By investing in new capacity, we have re-emphasized our strong commitment to our customers in the rubber and tire industries, agriculture and pharmaceutical markets. We will further increase our production capacity and provide a stable and reliable supply to our customers in fast-growing regions to strengthen BASF's position as a leading supplier to the global rubber and tire industry.
is a primary fatty amine used primarily as an intermediate material for promoters in the rubber and tire industries, as well as in the agricultural and pharmaceutical industries.
about BASF's Intermediates business
the BASF Group develops, manufactures and markets a wide range of intermediate products around the world. BASF has more than 700 intermediate products, mainly amines, glycols, polyols, acids and properties. Intermediate products are mainly used in coatings, plastics, pharmaceuticals, textiles, detergents and crop protection agents. BASF's innovative intermediates help improve the performance and productivity of the final product. The Intermediates division is ISO 9001 certified and has production facilities at production sites in Europe, Asia and North America. In 2018, the business unit will have global sales of approximately EUR 3.1 billion to third parties. For more information, please visit:.