Dr. Martin Brudermüller, Vice Chairman of the Board of Executive Directors of BASF SE and responsible for the Plastics segment, said: "This new investment supports BASF's growth strategy, underlines our leading position as the largest TDI producer and reinforces our strong commitment to the TDI market. BASF will have the ability to serve its customers' demand through local world-scale production in the largest markets North America, Europe and Asia, in particular China."
"With this new plant, we will complement our strong global network of integrated world-scale TDI facilities to serve our customers' growing demand , said Wayne T. Smith, President of BASF's Polyurethanes division. "We expect the global TDI market to grow faster than GDP in the coming years, with strong contribution from Central and Eastern Europe, Middle East and Africa. This growth is driven by ongoing urbanisation and increasing standards of living.
BASF operates TDI plants in Geismar, Louisiana; Schwarzheide, Germany; Yeosu, Korea; and Caojing, China.