Global Coatings Network News:
Global Coatings Network News:
July 28, 2014-BASF, the world's leading chemical company, announced today that it has broken ground on the second phase of the Asia-Pacific Innovation Park at its Pudong site.
The investment in the expansion project reached 90 million euros, including a new R&D building and ancillary facilities, which is expected to be completed by the end of 2015.
"By 2020, approximately 25% of BASF's global R&D personnel will be located in the Asia-Pacific region.
This expansion further demonstrates BASF's commitment to globalizing R&D and seizing growth opportunities in China and the Asia-Pacific region.
" Executive Director Dr.
Kai Maiye said.
The Innovation Park is BASF's most important R&D center in the Asia-Pacific region, and it is also expected to become one of BASF's largest R&D bases outside of Germany.
After the expansion is completed, BASF’s R&D capabilities in the Asia-Pacific region will be further strengthened.
In addition to focusing on advanced materials and systems, updating and increasing formulations and research in the fields of chemical processes and engineering, BASF will serve automotive, construction, health and nutrition, home and personal care High-growth industries.
"Practice has proved that the Asia-Pacific Innovation Park in Shanghai is an efficient platform that quickly responds to the needs of the Chinese and Asia-Pacific markets, and at the same time strengthens the cooperation between BASF and the scientific community in the Asia-Pacific region.
The enthusiasm for innovation of our employees, customers and partners is to achieve a sustainable future in the Asia-Pacific region Motivation," said Dr.
Beaumuller, Vice Chairman of the Executive Board of BASF Europe and responsible for the Asia-Pacific region.
Since its establishment a year and a half, the Asia Pacific Innovation Park has consolidated BASF 's dominant position as the preferred innovation partner for customers in the construction, automotive, paint and coatings , household and personal care, and packaging industries in the Asia-Pacific region .
With an in-depth understanding of the local market and a strong global R&D network, the BASF team focuses on using innovative solutions to meet the market needs of various industries in the region.
For example, BASF and Dalian Shide Group have jointly developed the world's first co-extrudable Ultradur® (polybutylene terephthalate) for reinforcing polyvinyl chloride (PVC) door and window profiles and for thermal insulation.
The use of co-extrudable Ultradur instead of steel in PVC door and window profiles as a reinforcing material has high strength, light weight, and excellent mechanical properties, can withstand strong winds, and provides good thermal insulation effects, which helps to achieve building energy conservation.
In Asia, in addition to the Asia-Pacific Innovation Park in Shanghai, BASF also has R&D centers in Japan, Singapore and South Korea.
An innovation park in India is also being planned.
In 2013, BASF's global R&D investment increased to 1.
8 billion euros (2012: 1.
7 billion euros), and a total of 10,650 scientists and R&D personnel are conducting approximately 3,000 R&D projects.
Last year, BASF filed 1,300 patent applications worldwide and owned 151,000 registered patents and intellectual property rights, ranking first in the “Patent Asset Index” for five consecutive years.
(Source: Global Coatings Network) (For more information, please log in: Global Coatings Network http:// )