BASF officially launched its smart Verbund project in Zhanjiang, Guangdong province, China, and commenced building its first plants.
It marks a milestone of the company’s US$10 billion investment project announced in July 2018. The first plants will produce engineering plastics and thermoplastic polyurethane (TPU) to serve the increasing needs of various growth industries in the southern China market and throughout Asia.
“We are pleased to see our mega-investment project in China is progressing,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors, BASF SE. “We are determined to support our customers in southern China drive growth with innovative products and sustainable solutions.”
“By utilizing the latest digital technologies and applying the highest safety standards, the new Verbund site will be a role model for sustainable production contributing to the development of a circular economy in China,” added Brudermüller.