BASF inaugurated a new, world-scale antioxidants manufacturing plant at its Caojing site in Shanghai, China.
With an annual capacity of 42,000 tons, the plant will produce antioxidants and associated forms and blends for the plastic additives market. The units for powder blending, liquid antioxidants and formgiving are now operational as part of the plant’s first phase.
“Asia is the world’s largest antioxidants market and China accounts for almost 65 percent of the market in Asia," said Dr. Markus Kamieth, member of the Board of Directors, BASF SE.
“We will combine our unique expertise in the chemical industry with our customers’ competencies, and jointly develop solutions that are both profitable and responsible," added Dr. Stephan Kothrade, president, Functions Asia Pacific, president and chairman Greater China, BASF.