BASF to invest €200M+ to strengthen plastic additives production network
November 28, 2016 by Manufacturing AUTOMATION
Nov. 28, 2016 – Within the next five years, BASF plans to invest globally more than €200 million (roughly CAD$284 million) in its plastic additives business, approximately half of which in Asia, focusing on capacity expansions and operational excellence.
“BASF will strengthen its plastic additives business with investments in additional capacities to meet increasing global demand for antioxidants, as well as light stabilizers. Moreover, we will invest in digital processes and technology to support our customers as a reliable supplier in all regions,” said Dr. Christian Fischer, president of the performance chemicals division.
The planned set of measures focuses on capacity expansions at sites in North America and Europe as well as investments in automation, digital technologies and modelling. In addition, BASF plans to strengthen its plastic additives production footprint in Asia.
BASF is a supplier, manufacturer and innovation partner of plastic additives. Its product portfolio includes stabilizers which boast ease in processing, heat and light resistance to a variety of polymers and applications including molded articles, films, fibers, sheets and extruded profiles.