BASF targets long term growth with China chemical site

The German chemical giant BASF Se has reaffirmed its commitment to a massive expansion in China, describing the project as a vital move to address its current underrepresentation in the world’s largest chemical market. The initiative, which represents the single largest investment in the company’s history, aims to secure long-term growth even as global economic conditions become increasingly volatile.

Stephan Kothrade, the executive board member responsible for Asia, noted that the company needed to bridge the gap between its global footprint and the Chinese market.