[ Jiuzhi Plastics News] In the next five years, BASF plans to invest more than 200 million euros in capacity expansion and operational excellence in the global plastics additive business, nearly half of which will be used in Asia. Plastic additives enhance product properties such as scratch and light stability and optimize plastic manufacturing processes. As a leading global supplier of plastic additives, BASF has manufacturing facilities in all regions and is an important partner in the plastics industry.
According to Christian Fischer, President of BASF's Specialty Chemicals Division, “To meet the growing demand for global antioxidants and light stabilizers, BASF will increase its capacity to increase its plastics additives business. In addition, we will invest in digital Process and electronic technology, become a trusted supplier in all regions and better support customers."
The investment plans to expand the capacity of plastic additives at BASF's North American and European production sites and to build automation, electronics and digital modeling. In addition, BASF plans to expand its plastic additive production network in Asia.
Innovation based on new chemical composition
In addition to investment, innovation is an integral part of BASF's business strategy. In the leading exhibition of the rubber and plastics industry in Germany, Dusseldorf K show, BASF plastic additives released two new light stabilizers:
Tinuvin® 880 is a medium-molecular weight light stabilizer based on a new chemical composition that greatly enhances light stability, especially in automotive interior applications, which offers additional benefits of thermal stability.
Tinuvin® XT55 provides formulators with excellent durability and secondary properties – such as color stability, resistance to gas fading, and resistance to lift. With this new solution, it is possible to adjust the materials and other recipes according to the actual situation and the desired end-use application, thus achieving excellent cost-effectiveness. Currently, the product is being sampled among major customers.
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