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BASF Invests Approximately €7 Million in the Resin Production At its Münster Site - Capacity increase and energy efficiency improvement - BASF-Coatings.com
BASF Invests Approximately €7 Million in the Resin Production At its Münster Site

 

PRZOOM - /newswire/ - Ludwigshafen, Germany, 2014/01/21 - Capacity increase and energy efficiency improvement - BASF-Coatings.com. DE000BASF111

   
 
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BASF is investing around €7 million to expand and optimize the resin production at its Münster site. Resin is an important intermediate for the production of all paint materials. The capacity expansion supports the company’s plans for growth.

“With this investment, we are primarily strengthening the competitiveness of the Münster site,” explained Dr. Walter Jouck, head of Operations Coatings Europe at BASF. “Our resin competence is an important competitive edge and by expanding the resin capacity, we are adapting to the future market development. We will be able to serve our customers more flexibly, especially those from the automotive industry.”

The investment in resin production will result in an expansion of the production capacity and, thanks to a better heating technique, it will also contribute to a significant improvement of the environmental performance. The energy efficiency for heat generation and the exhaust gas combustion will be increased.

The investments are scheduled to be completed in 2016. At present, BASF is also building a new resin plant in Shanghai to meet the growing demand for automotive OEM coatings in Asia Pacific.

The resins produced by BASF are integral components of industrial and automotive OEM coatings and automotive refinish products. As binders, they contribute to good adhesion, gloss and scratch resistance of the coating. Resins also provide corrosion protection and weather resistance for BASF’s products.

About the Coatings division

In the Coatings division, 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, t he Coatings division of BASF Group achieved global sales of nearly €3 billion. You can download a copy of BASF’s customer magazine Coatings Partner at coatingspartner.com/.

About BASF

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).

 
 
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Agency / Source: BASF

 
 

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BASF Invests Approximately €7 Million in the Resin Production At its Münster Site

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BASF | Resin Production
Contact: Marco Benen - BASF.com 
+49 2501 14-2040 marco.benen[.]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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