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The Business View – February 2017 / News You Can Use
In response to the low price of natural gas and the need to expand its operations in North America, BASF announced plans to invest more than $200 million in its plastic additives business worldwide. According to the company, part of this investment focuses on strengthening its manufacturing footprint in North America by investing in the McIntosh site, located in Washington County just north of Mobile, to support market growth.
BASF’s investment in McIntosh will expand the production capacity of light stabilizers, namely the Tinuvin product line. Tinuvin UV absorbers (UVAs) prevent degradation of both plastics and coatings by filtering out harmful UV radiation. “To us, this is a clear signal of our customers’ commitment to growth in the region,” said Anup Kothari, senior vice president, BASF Performance Chemicals. “The close proximity of our McIntosh site to our customers’ plants places us in an ideal position to fuel their growth.”
“This investment marks another successful BASF partnership,” said David Rodgers, senior project manager for the Mobile Area Chamber. “The McIntosh plant is vital for future growth of Mobile County’s chemical industry.”
The Chamber’s economic development team provides new business and existing industry expansion support to the Washington County Economic Development Alliance.
In addition to its U.S. locations, BASF’s plastic additives business has manufacturing sites in Mexico, Germany, Italy, Switzerland, Bahrain, China and Singapore.
Click here to read The Business View – February 2017