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BASF officially launched its smart Verbund project in China

  12/2/2019 - Guangdong, China - BASF officially launched its smart Verbund project in Zhanjiang, Guangdong province, China, and commenced building its first plants. It marks a milestone of the company’s US$10 billion investment project announced in July 2018. The first plants will produce engineering plastics and thermoplastic polyurethane (TPU) to serve the increasing needs of various growth industries in the southern China market and throughout Asia. “We are pleased to see our mega-investment project in China is progressing,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors, BASF SE. “We are determined to support our customers in southern China drive growth with innovative products and sustainable solutions.” “By utilizing the latest digital technologies and applying the highest safety standards, the new Verbund site will be a role model for sustainable production contributing to the development of a circular economy in China,” added Brudermüller. “Zhanjiang is a perfect location for BASF to further strengthen our footprint of local production in China,” said Dr. Stephan Kothrade, President Asia Pacific Functions, President and Chairman Greater China, BASF. “The smart Verbund site will form a solid foundation for a world-class industrial cluster in Zhanjiang and establish stronger business connections between South China and other Asian countries.” By 2022, the new engineering plastics compounding plant will supply an additional capacity of 60,000 metric tons per year in China, bringing BASF’s total capacity of these products in Asia Pacific to 290,000 metric tons per year. The new capacity will enable BASF to meet the growing demand of its customers, particularly in the automotive, electronics and new energy vehicles (NEV) industries. BASF plans to implement a comprehensive smart manufacturing concept at the Verbund site based on cutting-edge technologies. The new site will utilize automated packaging, high-tech control systems, and automated guided vehicles. With the Zhanjiang Verbund site, BASF will also contribute to the advancement of the local community. The company is forming strategic partnerships with several local technical institutions to develop young technical talents. BASF Integrated Site (Guangdong) Co. Ltd, BASF’s new wholly-owned subsidiary, has also been officially formed. This entity will oversee the operations of the new Verbund site, underlining BASF’s commitment to the China market. BASF signed the first Memorandum of Understanding for the Verbund site with the Guangdong Provincial Government in Berlin, Germany, in July 2018. In January 2019, the company signed a Framework Agreement setting out further details of the plan. The Verbund site in Guangdong would be BASF’s largest investment, estimated up to US$10 billion upon completion, and would be operated under the sole responsibility of BASF. The integrated value chain will connect upstream and downstream plants from basic chemicals to more consumer-oriented products and solutions, serving growth sectors like consumer goods and transportation. The site would ultimately be the third-largest BASF site worldwide, following Ludwigshafen, Germany, and Antwerp, Belgium. The first plant producing engineering plastics compounds is expected to be operational by 2022, and the whole Verbund site is planned to be completed by 2030.

Wednesday, June 3, 2020

Rubber Division, ACS, announces June course and webinar schedule - click to expand

Arkema finalizes divestment of Functional Polyolefins business - click to expand

Engel and Hack Formenbau collaborate against COVID-19 - click to expand

Global automotive tire market forecast with a CAGR of 4.1 percent through 2027 - click to expand

PolymaxTPE announces laboratory line expansion - click to expand

Tuesday, June 2, 2020

GRI puts safety at the fore in Sri Lanka production plants - click to expand

Pirelli introduces Cinturato P7 tire with intelligent compound - click to expand

European all season tire market forecast with a CAGR of 9 percent through 2024 - click to expand

Cooper Tire to restart production at El Salto, Mexico, tire manufacturing facility - click to expand

JK Tyre begins operations in the U.S. as Western Tires, Inc. - click to expand

Orion Engineered Carbons breaks ground on logistics center in Germany - click to expand

Monday, June 1, 2020

Goodyear and Enovos will build two photovoltaic power stations in Luxembourg - click to expand

Active Minerals announces completion of Gordon, GA, facility expansion - click to expand

Thermoplastic and Silicone Elastomers U.S. 2020 Summit takes place virtually - click to expand

Lubrizol presents webinar on Estane thermoplastic polyurethane - click to expand

Yokohama's Virginia tire plant reopens - click to expand

Rubber Division, ACS, 197th Technical Meeting presentations available - click to expand

Friday, May 29, 2020

Global elastomeric coatings market forecast with a CAGR of 15 percent through 2026 - click to expand

Book of the Day: Chemical Resistance Guide for Elastomers IV - click to expand

Swan Chemical named North American distribution partner for Bolder Industries’ BolderBlack - click to expand

CCSi announces expanded capabilities and price matching policy - click to expand

Goodyear blimp returns to Europe - click to expand

Global thermoplastic polyurethane market expected to rise at a steady 6.8 percent CAGR through 2024 - click to expand

Thursday, May 28, 2020

Sibur creates sustainable development committee - click to expand

Global structural adhesives market to surpass $7 billion by 2024 - click to expand

Goodyear to donate the cost equivalency of 100 meals to Feeding America for every tire sold - click to expand

EMT technology available in North America through 2BA North America - click to expand

Disposable medical gloves market size forecast to reach $8.73 billion by 2025 - click to expand

Energy Estate and InfraCo partner to help solve waste tire mountains in Australia and New Zealand - click to expand

Wednesday, May 27, 2020

Borealis discontinues world scale polyethylene project in Kazakhstan - click to expand

Birla Carbon is first carbon black multinational to receive IATF certification across all manufacturing plants - click to expand

Huntsman brands spray polyurethane foam business as Huntsman Building Solutions - click to expand

Ashland board declares quarterly dividend - click to expand

Bridgestone announces release of Firestone FD692 drive tire - click to expand

Global sealants market projected to grow by $4.9 billion - click to expand

Market Reports

Aircraft interior elastomers market forecast at $45.5 million in 2025 - click to expand

Global automotive tire market forecast with a CAGR of 4.1 percent through 2027 - click to expand

European all-season tire market forecast with a CAGR of 9 percent through 2024 - click to expand

Global elastomeric coatings market forecast with a CAGR of 15 percent through 2026 - click to expand

Disposable Medical Gloves Market size is forecast to reach $8.73 billion by 2025 - click to expand

Global thermoplastics polyurethane market is expected to rise at a steady 6.8% CAGR through 2024 - click to expand

Global structural adhesives market to surpass $7 billion by 2024 - click to expand

Sealants market worldwide is projected to grow by $4.9 billion - click to expand

Global silicone market is estimated to register a CAGR of 5.65 percent through 2023 - click to expand

Medical glove market forecast with a CAGR of 15 percent through 2025 - click to expand

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