LUDWIGSHAFEN, GERMANY: Within the following five years, BASF SE intends to invest globally more than €200 million in its plastic additives business, approx half of which in Asia, focusing on capacity expansions and operational excellence.
Plastic additives enhance product properties such as scratch resistance or light stability and optimise plastics manufacturing processes. As the leading global supplier of plastic additives with manufacturing assets in all regions, BASF is a main partner to the plastics industry.
The planned actions focus on capacity expansions at sites in North America and Europe as well as investments in automation, digital technologies and modelling. In addition, BASF plans to strengthen its plastic additives production footprint in Asia.
Latest innovations based on new chemistry
In addition to investments, innovation remains an essential part of BASF’s business policy. BASF’s plastic additives business recently introduced 2 new light stabilisers:
Tinuvin 880, based on a new chemistry, is a medium molecular weight light stabiliser gives essentially enhanced light security, particularly in inside auto applications with the extra advantage of offering higher thermal stability.
Tinuvin XT 55 gives formulators with very good durability and excellent secondary properties for example stability, gas fading and extraction resistance. Using this new solution, an excellent cost performance will be achieved by adjusting dosage and other formulation components to end application conditions and expectations.
“BASF will fortify its plastic additives business with investments in additional capacities to meet increasing global demand for antioxidants, as well as light stabilisers. In addition, we will invest in digital processes and technology to support our customers as a reliable supplier in all regions,” said Dr Christian Fischer, president, BASF performance chemicals division.
Read More: BASF plans global plastic additives capacity expansions; to invest over €200 mn
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