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BASF Opens New Coatings Technical Competence Center for ASEANís Growing Automotive Market - BASF has set up a new Coatings Technical Competence Center ASEAN in Bangkok, Thailand - BASF-Coatings.com
BASF Opens New Coatings Technical Competence Center for ASEANís Growing Automotive Market

 

PRZOOM - /newswire/ - Bangkok, Thailand, 2013/03/26 - BASF has set up a new Coatings Technical Competence Center ASEAN in Bangkok, Thailand - BASF-Coatings.com. DE000BASF111

   
 
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ē Supports robust growth of ASEAN motorcycle market;
ē New facility provides professional services including color design, product development and performance testing.

This new facility supports technical and laboratory activities mainly in motorcycle coatings including technology transfer, product development, performance testing, color design and development, and houses a sales and marketing team as well as a technical service team of more than 20 professionals, all catering to motorcycle manufacturers in the ASEAN region.

ďAt BASF, we align our growth plans according to our customersí expansion plans. The set-up of the new facility is well-timed, as there are increasingly more motorcycle and car plants being established in or transferred to ASEAN locations,Ē said Peter Fischer, Senior Vice President, Coatings Solutions Asia Pacific, BASF. ďIn Thailand, BASF has been in the motorcycle coatings business for more than 10 years and is the leading motorcycle coatings supplier locally. By staying close to customers, the new facility allows BASF to respond even faster to customer and market needs, and provide comprehensive high-quality services and innovative technologies and solutions in a more efficient manner.Ē

Boonchai Opas-iam-likit, Managing Director, BASF Thailand Limited, added,ďThailand is a key market and production hub for the car and motorcycle industries in ASEAN, which is an important region for these industries. This technical competence center will significantly benefit our customers, especially in Thailand, and at the same time is important to BASF in achieving our long-term business objectives.Ē

The leading motorcycle markets in ASEAN Indonesia, Vietnam and Thailand have all demonstrated strong growth momentum in recent years. In 2012, motorcycle production in Thailand was 2.6 million units, rising 62.5% compared with 20071. Indonesia reported 7.1 million motorcycles produced in 2012, a 51% increase in five years2. In Vietnam, there was a 59% increment in the five-year period, with motorcycle production totaling 4.23 million units in 20123.

About the Coatings Division
In the Coatings Division (basf-coatings.com), BASF develops, produces and markets a high-quality range of innovative automotive OEM coatings, automotive refinishes and industrial coatings as well as decorative paints. BASF has significant market positions in the Coatings sector in Europe, North America, South America and the Asia Pacific region. In 2012 the Coatings Division of the BASF Group achieved global sales of nearly 3.0 billion Euros. You can download a copy of BASF customer magazine Coatings Partner from coatingspartner.com/.

About BASF
BASF (basf.com) is the worldís leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of Ä72.1 billion in 2012 and more than 110,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

1 Source: Thai Federation Industries
2 Source: Indonesia Automotive Manufacturers Association
3 Source: General Statistics Office of Vietnam

Contact: Susan Fan, Trade media
P: +852 2731 1260 - E: susan.fan[.]basf.com.

 
 
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BASF Opens New Coatings Technical Competence Center for ASEANís Growing Automotive Market

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BASF |
Contact: Genevieve Hilton - BASF.com 
+852 2731 0197 genevieve.hilton[.]basf.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

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