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BASF studies feasibility plan for $500 million plant in S.E. Asia.

BASF Studies Feasibility Plan for $ 500 million Plant in S.E. Asia

Dr. Hans Juergen Sturm, President of BASF South East Asia Regional Headquarters, stated in a speech that the Regional Headquarter is working on a detailed feasibility study for a world-scale plant to make acrylic acid and its derivatives, at a cost of the order of S-$500 million

He was speaking at a ceremony which he received a certificate for Regional Operational Headquarters from the Economic Development Board Chairman, Mr. Philip Yeo.

Dr. Sturm said that one of the possible sites for the plant was Singapore. The final decision on the investment and its specific location would depend on the study being made. This was expected to take about two years.

The BASF Group is the biggest producer of acrylic acid world-wide with capacities of 500,000 tonnes a year in Europe and the United States.

Dr. Sturm said that BASF's intended move into South-East Asia had been influenced by the fast growing market for acrylic acid derivatives in the region.

Acrylic Acid and its esters are intermediates for the production of environmentally compatible detergents, superabsorbers and a broad range of dispersions, which are used as raw materials for paints, lacquers, adhesives, coatings and binders for leather, paper and textiles.

BASF the German international chemical group, has 338 companies doing business in 160 countries, production plants in 35 countries and operates through 16 regional divisions and 24 operating (products) divisions.

In 1990 BASF sales were DM 46.6 billion. The Group employs 135,000 people. Under the guidance and control of BASF South-East Asia Regional Headquarters in Singapore there are 33 companies and manufacturing 20 plants in 14 countries, employing 4,700 people, with 90 expatriates. The Headquarters has a staff of 40 of whom 30 are in regional management and 10 in technical and marketing services. In 1990, sales were DM 2.5 billion.

In 1990 BASF also set up in the region two marketing companies to handle its own products-BASF Singapore Pte Ltd. and BASF (Malaysia) Sdn Bhd, which is also responsible for the construction at Pasir Gudang, Johor, of the M-$170 Million plant to make EPS-an expandable, highly shock absorbent, cellular foam, used for packaging and insulation.

Other investments in several countries in the region with a total project value close to DM 400 Million are under construction or started production only recently.

Dr. Sturm said that BASF strategic targets in the region would call for considerable investment in the next few years. The targets included the establishment of local production in key markets, the building of chemical production units at suitable locations and the infusion of materials and products from regional plants into BASF's world-wide flow of business, thereby promoting exports from Asia.
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Title Annotation:acrylic acid plant
Publication:Economic Review
Date:Sep 1, 1991
Words:460
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