BASF India Ltd, the leading
chemical company, will
invest €150 million (around
10 billion) to set up a new
chemical production site at the
Dahej Petroleum, Chemicals and
Petrochemicals Investment
Region (PCPIR) in Gujarat.
The new site will be an integrated
hub for polyurethane manufacturing
and will also house production
facilities for care chemicals
and polymer dispersions for coatings
and paper. With this new production
site, BASF aims to ensure
local supply for growing markets
and industries such as appliances,
footwear, automotive, construction,
adhesives, architectural
coatings, paper and personal
care. The start of production is
planned for 2014.
"With its robust local industries,
India is set to become a pillar of
growth in Asia Pacific. The country's
changing demographic profile
and the resulting need for
improved quality of life are driving
increasing market demand.
With the new manufacturing facility,
we will be able to serve our
customers better by developing
solutions that meet their individual
needs as well as strengthen
their competitive advantage," said
Dr. Martin Brudermueller, Vice
Chairman, BASF SE, responsible
for Asia Pacific.
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FACT FILE |
| Project |
Chemical production facility |
| Location |
PCPIR, Dahej, Gujarat |
| Investment |
`1,000 crore approximately |
| Start |
2014 |
| Employment |
Over 250 people |
"The Dahej site complements
the existing manufacturing setup
of BASF in India and will support
and contribute to the growth
of the Indian chemical industry,"
said Prasad Chandran, Chairman
and Managing Director, BASF
India Ltd. "The location offers
excellent investment conditions
and a favorable business environment
due to the proximity to raw
materials as well as customers.
With this new project, we expect
to grow our businesses in the
important northern and western
regions of India," he added.
The site will employ more than
250 people at full capacity, primarily
in operations. With shared
infrastructure and state-of-the-art
production systems, the site will
also provide resource efficient
BASF technologies for the conservation
of energy and water. The
site's advanced design takes
advantage of the latest technologies
from BASF facilities around
the world and ensures safe and
responsible operations.
The integrated polyurethane
facility will produce Elastollan
TPU (thermoplastic polyurethane),
Cellasto NVH (noise,
vibration and harshness) parts
and polyurethane systems, which
is supported by new production
facilities for important precursors,
comprising polyetherols and
polyesterols plants as well as a
plant for processing crude MDI
(diphenylmethane diisocyanate).
The care chemicals facility at the
new Dahej site will produce surfactants
largely for home and personal
care.
The polymer dispersions facility
at the site will produce Acronal
and Styrofan, key ingredients for
architectural coatings, adhesives,
and construction etc.