CHINA: BASF breaks ground on second phase of its innovation campus Asia Pacific

The €90-million expansion includes an additional regional research and development (R&D) building and auxiliary facilities and will be completed by the end of 2015.

With the expansion, the company's regional research capabilities will be further strengthened, focusing primarily on advanced materials and systems, as well as adding new areas such as formulations and chemical process and engineering serving growth industries such as automotive
and construction.

"By 2020, around 25% of BASF's R&D employees will be located in Asia Pacific. The expansion reinforces BASF's commitment to globalizing its R&D activities and capturing growth opportunities in China and Asia Pacific," noted Andrea Kreimeyer, research executive director and member of the board of executive directors at BASF SE.

Source: Weekly "PetroChemical News", Durham, NC, USA; 4 Aug 2014
(Syed Rashid Ali, Karachi, Pakistan)