Within the next five years, BASF reportedly plans to invest globally more than €200 million in its plastic additives business, approximately half of this in Asia. Planned measures focus on capacity expansions at sites in North America and Europe as well as investments in automation, digital technologies and modelling. In addition, BASF plans to strengthen its plastic additives production footprint in Asia, according to the company.
“BASF will strengthen its plastic additives business with investments in additional capacities to meet increasing global demand for antioxidants, as well as light stabilizers. Moreover, we will invest in digital processes and technology to support our customers as a reliable supplier in all regions,” says Dr. Christian Fischer, president, BASF Performance Chemicals division.
At the K Fair in Düsseldorf, Germany, BASF’s plastic additives business recently launched two new light stabilizers. Tinuvin 880, based on a new chemistry, is a medium molecular weight light stabilizer which reportedly provides improved light stability, especially in interior car applications, and higher thermal stability. Tinuvin XT 55 provides formulators with good durability and secondary properties such as color stability, gas fading and extraction resistance. Both products are reportedly undergoing sampling at key customers.
For more information, visit: www.basf.com