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BASF Breaks Ground on New Innovation Campus in Mumbai, India - The company will invest approximately €50 million via BASF Chemicals India Private Limited, a wholly owned subsidiary of BASF SE
BASF Breaks Ground on New Innovation Campus in Mumbai, India

 

PRZOOM - /newswire/ - Mumbai, India, 2014/12/09 - The company will invest approximately €50 million via BASF Chemicals India Private Limited, a wholly owned subsidiary of BASF SE. DE000BASF111

   
 
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• Investment of approximately €50 million expands BASF’s R&D presence in Asia Pacific;
• BASF aims to locate 25% of its global R&D employees in Asia Pacific by 2020;
• 300 scientists will collaborate in Mumbai on global and regional research and development projects;
• BASF Innovation Campus (Mumbai) to start up in 2017.

The facility will accommodate around 300 scientists investigating areas such as crop protection, process development and polymer research.

In 2020, BASF aims to generate €30 billion of sales worldwide with products that have been introduced in the market since 2011. The basis for these innovations is effective and efficient research and development. To achieve this ambitious goal, BASF is further developing the research organization and bundling its competencies in three global platforms, with the headquarters of Advanced Materials & Systems Research based in the Asia Pacific region. The BASF Innovation Campus (Mumbai) will be a key hub of BASF’s global research and development (R&D) network, and, next to Shanghai, BASF’s second major R&D location in Asia Pacific.

“The Asia Pacific region faces enormous challenges that we address with innovation from chemistry. BASF operates a strong global R&D network, which we will further strengthen with investments in innovation capacities in Asia Pacific. We will not only serve our customers in all industries in the region but also in other regions with global research projects that will be led out of Mumbai,” said Martin Brudermüller, Vice Chairman of the Board of Executive Directors, BASF SE, and responsible for the Asia Pacific region. “Along with this important new investment in the BASF Innovation Campus (Mumbai), we are also establishing specialized research facilities in Asia Pacific in the areas of electronic materials, battery materials, catalysis, mining, water treatment, polymers and materials. Step by step, Asia Pacific thus becomes an integral part of our global innovation power.”

The BASF Innovation Campus (Mumbai) will host global research activities and regional and local development activities. Development activities will serve BASF’s Performance Chemicals, Care Chemicals, and Pigments & Dispersions businesses. By combining development activities with global research, the campus will foster exchange of know-how and ideas about latest technologies and methods, ensure access to state-of-the-art equipment, and create synergies.

“The BASF Innovation Campus (Mumbai) will bring the best international scientists from India and other parts of the world together into the global BASF R&D Verbund. BASF’s global major research platforms, from beginning of 2015 namely Advanced Materials & Systems Research, Bioscience Research, and Process Research & Chemical Engineering, will be active in Mumbai,” said Harald Lauke, designated President of Advanced Materials & Systems Research.

“In 2015, BASF will celebrate its 150th anniversary around the world, and we are taking this opportunity to invite people to collaborate on solutions for global challenges related to urban living, smart energy and food. In this spirit, a stronger R&D presence in India will create new opportunities for building up and expanding customer relationships and scientific cooperation programs that will benefit both BASF and the India R&D community. Additionally, the BASF Innovation Campus (Mumbai) will open up career opportunities for local scientific talent,” said Raman Ramachandran, Chairman and Managing Director, BASF India Limited & Head South Asia.

The BASF Innovation Campus (Mumbai) will begin operation in 2017 and will include synthesis, application, process, and analytical laboratories. Along with scientific facilities, the 20,000 square meter site includes technical facilities, logistics areas, a full-scale auditorium and canteen, and employee amenities areas.

The new building will include multiple features designed to minimize energy use, including a secondary façade, a reflective roof, water chillers for air conditioning, and photovoltaic panels. Drinking water will be supplied through dispensers using a filter technology, eliminating the need for disposable bottles. The building will also maximize use of natural light through a glass-roofed atrium that directs daylight into the building core.

About BASF in India
BASF in India has 2,254 employees at eight production sites and sales offices as well as two R&D centers. In 2013, BASF registered sales of €1.02 billion to customers in India.

About BASF
At BASF (basf.com), we create chemistry and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world’s leading chemical company, 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 about €74 billion in 2013 and over 112,000 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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BASF Breaks Ground on New Innovation Campus in Mumbai, India

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BASF Innovation Campus | BASF
Contact: Genevieve Hilton - BASF.com 
+852 2731-0197 genevieve.hilton[.]basf.com
 
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