Germany's BASF announced that it will invest more than 200 million US dollars to expand its global additives business. The investment in McIntosh will mainly increase the production capacity of light stabilizers, namely BASF's Tinuvin product line.
Tinuvin UV absorbers (UVAs) prevent the degradation of plastics and coatings by filtering out harmful UV radiation. BASF's investment will focus on increasing the production capacity of benzotriazoles (BTZs) to better meet the needs of its plastics and coatings customers. Global demand.
In addition to the United States, BASF's additive business currently has production bases in Mexico, Germany, Italy, Switzerland, Bahrain, China and Singapore.
In addition, BASF also announced the engineering design of gradually expanding its MDI products at its Verbund base in Geismar, Louisiana, with the goal of gradually increasing its production capacity from 300,000 tons / year 600,000 tons / year.