BASF to develop chemical production site in Gujarat [May 2012]

May 26, 2012 8:31 am

BASF India plans to invest Rs. 1,000 crore to set up a new chemical production site at the Dahej Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), located 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, adhesives, architectural coatings, paper and personal care. The start of production is planned for 2014. BASF India plans to invest in this project through internal accruals and loans.
“With its robust local industries, India is set to become a pillar of growth in Asia Pacific. The country’s changing demographic profile and the resulting need for improved quality of life are driving increasing market demand. 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,” said Dr. Martin Brudermueller, Vice Chairman of the Board of Directors of BASF SE, responsible for Asia Pacific.
“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,” said Prasad Chandran, Chairman and Managing Director, BASF India. “The location offers excellent investment conditions and a favourable business environment due to the proximity to raw materials as well as customers. With this new project, we expect to grow our businesses in the important northern and western regions of India”.
With shared infrastructure and state-of-the-art production systems, the site will also provide resource efficient BASF technologies for the conservation of energy and water.