BASF India is likely to set up a new chemical production site at Dahej, India. It has obtained board’s approval for the same at its meeting held on April 11, 2012. The new site will be an integrated hub for polyurethane manufacturing and will also house production facilities for care chemicals and polymer dispersions for coatings and paper.
The total cost for setting up of site is estimated to be Rs 1,000 crore and the same will be financed by BIL through internal accruals and loans. The start of the production is planned for 2014.
BASF India is a leading player in chemical sector and manufactures and markets a wide range of products such as expandable polystyrene, tanning agents, leather chemicals and auxiliaries including specialized metal complex dyes etc. in primary forms and crop protection chemicals.
