BASF India to set up new chemical production site in Dahej
€150m euros invested in the venture
BASF India Limited will invest €150m to set up a new chemical production site at the Dahej Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), located on the west coast of India, in Gujarat.
The new site will be an integrated hub for polyurethane manufacturing and will also house production facilities for care chemicals and polymer dispersions for coatings and paper. With this new production site, BASF aims to ensure local supply for growing markets and industries such as appliances, footwear, automotive, construction and personal care , among others. The start of production is planned for 2014. The project will be financed by BASF India Limited through internal accruals and loans.
Comments Dr Martin Brudermueller, vice chairmain of the board of directors at BASF SE, responsible foe Asia Pacific: “With the new manufacturing facility we will be able to serve our customers better by developing solutions that meet their individual needs as well as strengthen their competitive advantage.
“The Dahej site complements the existing manufacturing set-up of BASF in India and will support and contribute to the growth of the Indian chemical industry.”
