Companies
BASF SE constructs new chemical plant in Tianjin
Updated: 2011-04-21 17:26
(Xinhua)
TIANJIN - BASF SE, the world's largest chemical company, kicked off the construction of a new chemical plant in North China's harbor municipality of Tianjin on Wednesday, said an official with the company.
With an investment of 85 million yuan ($13 million), the Tianjin project is part of BASF SE's development strategy for China, said Dr Melanie Maas-Brunner, Group Vice President of BASF Polyurethanes Asia Pacific.
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China has become world's largest polyurethane market. It is expected that the demand for polyurethane in China will continue to grow in the coming decade, said Dr Maas-Brunner.
The new plant, covering an area of 3.4 hectares, is expected to open by the end of 2012.
BASF SE also started building a chemical plant in Southwest China's Chongqing municipality on April 11.
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