PRZOOM - /newswire/ -
Singapore, Singapore, 2013/10/18 - BASF, the world's leading chemical company and the global leader in Plastic Additives, has successfully completed the expansion of its antioxidant capacity in Singapore - BASF.com. DE000BASF111
• Production of Irganox® 1010 begins in October;
• New production strengthens global network.
Irganox® 1010 is now produced at BASF’s site along with other antioxidants on Jurong Island as part of BASF’s global production network.
The facility enjoys a strategic central location with excellent infrastructure. With global plastics production projected to grow above GDP level in Asia and the Middle East, BASF will ensure continuous and reliable supply of antioxidants for its customers in the polymer industry. In doing so, BASF further optimizes its production footprint in Asia Pacific.
According to its Asia Pacific strategy, BASF plans to invest €10 billion in the Asia Pacific region by 2020 in order to ensure that around 75% of its products sold in the region will be locally produced.
BASF has a global network of regional antioxidants production sites including Shanghai (China), Jurong (Singapore), Kaisten (Switzerland), McIntosh, AL (USA), and Lampertheim (Germany). In line with this new investment, the current production of Irganox® 1010 at the Isohara plant, Japan will be consolidated in Singapore.
Irganox® 1010 produced in the Singapore plant meets BASF’s published global product specifications. Meaning each product complies with the same classification and has the same product stewardship approvals. BASF ensures consistent compliance with global regulatory requirements and with the published product specifications through our dedicated team of experts and through robust control measures including continuous monitoring of our production quality, consistency and raw material origin. All sites are ISO 9001 certified and the core antioxidants are Kosher as well as Halal certified.
About BASF’s Plastic Additives
BASF is a leading manufacturer, supplier and innovation partner of additives and pigments for the plastic industry such as light stabilizers, antioxidants, process stabilizers, flame retardants, polymer modifiers, and organic and inorganic pigments. For more information, please visit basf.com/plastic-additives.
BASF (basf.com) is the world’s 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 €72.1 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).
Press contact: Birgit Wesche (Germany)
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