Dahej Bharuch India Ndash October 7 2014 Ndash Basf India Limited Bse Code 500042 Today Inaugurated Its Largescale Chemical Production Complex At Dahej In Gujarat India With A Project Cost Of Inr 1000 Crore Approximately Euro150 Million The Site Represents Basfrsquos Single Largest Investment In Indianbspthe Site Was Jointly Inaugurated By Smt Anandiben Patel Honrsquoble Chief Minister Of Gujarat Shri Saurabhbhai Patel Honrsquoble Minister For Finance Energy And Petrochemicals Government Of Gujarat And Mr Michael Heinz Member Of The Board Of Executive Directors Basf Senbspheinz Said Ldquoas Part Of Our Investment Plans Of More Than Euro10 Billion In Asia Pacific Between 2013 And 2020 We Want To Strengthen Our Production Platform In India With Our New Dahej Site We Are Enhancing Our Position As Supplier With Local Production And Can Even Better Lsquocreate Chemistryrsquo With Our Customers With Our Advanced Technologies And The Commitment Of Our Team In India We Will Both Contribute To And Benefit From Indiarsquos Huge Market Potentialrdquonbspdr Raman Ramachandran Chairman Basf Companies In India Amp Head South Asia Said Ldquowith This Production Hub Including The First Mdi Splitter In South Asia We Are Well Positioned To Increase Our Longterm Competitiveness Significantly In This Key Market We Will Serve Our Customers In The Asia Pacific Region Even Better Through Stable Product Supply In Terms Of Both Quality And Volumerdquonbspthe Site Includes An Integrated Hub For Polyurethane Manufacturing And Production Facilities For Care Chemicals And Polymer Dispersions The Care Chemicals Facility At The Dahej Site Hosts The First Basf Sulfation Plant In India Which Will Cater To Customers In The Fastmoving Consumer Goods Sectornbspthe Polymer Dispersions Plant Will Expand Basfrsquos Production Footprint In The Dispersions Business Complementing The Mangalore Facility It Will Serve Paper And Board Architectural Coatings Construction Adhesives And Fiber Bonding Customers Located In Northern And Western Indianbspthe Integrated Polyurethane Manufacturing Facility Will Host A Mdi Methylene Diphenyl Diisocyanate Splitter For Processing Crude Mdi A Core Component In The Manufacture Of Versatile Polyurethane Products They Are Used Extensively For Cold As Well As Heat Insulation Applications And Are The Preferred Material For Improving Safety In Transportation And Enhancing Energy Efficiency And Comfort At Homenbspthe Site Will Also Produce Elastollanregnbsptpu Thermoplastic Polyurethane Cellastoregnbspmicrocellular Polyurethane Components And Polyurethane Systems The Integrated Hub Will Support The Demand Of Industries In The Appliances Footwear Automotive Construction And Furniture Segmentnbspthe Site Currently Employs 200 People Directly And 300 People Indirectly In The Near Future The Site Will Offer Direct Employment Opportunity To 50 Additional People Supporting Stateoftheart Environment Health And Safety Facilities The Site Has Recorded Zero Losttime Injuries During Constructionnbspabout Basfat Basf We Create Chemistry Ndash And Have Been Doing So For 150 Years Our Portfolio Ranges From Chemicals Plastics Performance Products And Crop Protection Products To Oil And Gas As The Worldrsquos Leading Chemical Company We Combine Economic Success With Environmental Protection And Social Responsibility Through Science And Innovation We Enable Our Customers In Nearly Every Industry To Meet The Current And Future Needs Of Society Our Products And Solutions Contribute To Conserving Resources Ensuring Nutrition And Improving Quality Of Life We Have Summed Up This Contribution In Our Corporate Purpose We Create Chemistry For A Sustainable Future Basf Had Sales Of About Euro74 Billion In 2013 And Over 112000 Employees As Of The End Of The Year Basf Shares Are Traded On The Stock Exchanges In Frankfurt Bas London Bfa And Zurich An Further Information On Basf Is Available On The Internet Atnbspwwwbasfcomnbspabout Basf In Indiabasf Has Successfully Partnered Indiarsquos Progress For Over A Century With 13 Of Basfrsquos 14 Global Businesses Maintaining A Local Presence In India Today Basf In India Maintains Excellent Performance In Environment Health And Safety In Line With Basf Global And Internationally Accepted Standards On The Social Front Our Community Development Activities Focus On Relief And Rehabilitation Womenlsquos Empowerment Education And Improving Governance Standards Basf In India Has 2254 Employees At Eight Production Sites Amp Sales Offices And Two Rampd Centers In 2013 Basf Registered Sales Of Euro102 Billion To Customers In India
