Shanghai, China — August 1, 2018 — BASF Coatings Business Unit's Surface Treatment Global Business Unit operating under the Kemiter brand It announced that it will invest in the construction of an advanced surface treatment production base in Pinghu Dushan Port Economic Development Zone, Zhejiang Province, which is scheduled to be completed and put into operation in 2021. The base will be completed after production, storage, advanced laboratories and administrative offices. Strengthening the market position of Kemitel in China, it can better meet the expectations of customers and provide them with high-level services and quality solutions. The new production base is located in the Pinghu Dushan Port Economic Development Zone, which is very suitable for the development of the manufacturing industry. Will provide excellent infrastructure for the project.
BASF Global Senior Vice President, Wan Wanzhen, who is in charge of surface treatment business, and Secretary of the Party Working Committee of Zhejiang Dushan Port Economic Development Zone, Fu Guoquan, director of the Management Committee, signed an agreement. BASF will invest in Pinghu, Zhejiang Province to build an advanced surface treatment production base.
The Asia Pacific region is the world's largest surface treatment market with important strategic value. BASF Global Senior Vice President, Mr. Wan Wanzhen, responsible for surface treatment business “For Kemetel, the comprehensive layout in China is critical and will guarantee our ability to serve our customers and achieve the brand promise of providing the best customized solutions in the surface treatment industry.'
BASF Global Vice President, Mike Watson, Asia Pacific Surface Treatment Business Add: 'The new investment project will become the world's most extensive production base for Kemetel. Strengthening our customer support and supply chain in China will help expand the global product portfolio in multiple market segments. High quality and environmentally friendly products and system solutions for a wide range of industries including automotive, automotive parts, coils, general industrial, cold forming, aerospace, aluminum and glass.'
In the past few years, BASF Coatings has continued to invest in China, especially Shanghai, in order to be closer to China's fast-growing regions of automotive coatings. For example, the first Asia-Pacific automotive application at BASF Shanghai Innovation Park R&D centers, as well as world-class automotive coatings production facilities built to support the development of the Chinese automotive industry. By acquiring a surface treatment business operating under the Kemiter brand, the new investment will make BASF a more complete coatings solution provider.
Jin Hui, general manager responsible for the business of Kemitel China Said: 'We look forward to local production at the new production base to provide quality products and services to Chinese customers.'