German chemical company BASF has started producing its first bio-based polyol, Sovermol®, at its Mangalore site in India. The product meets the increasing demand for eco-friendly solutions in various industries, such as New Energy Vehicles (NEV), windmills, flooring, and protective industrial coatings in the Asia Pacific region. The Sovermol production facility is operational after comprehensive … Read more
The Board of Directors of BASF India Limited approved the appointment of Mr. Alexander Gerding as Managing Director of BASF India Limited, effective January 1, 2023. Alexander will lead the company for a tenure of five years and will be based in Mumbai. He succeeds the present Managing Director of BASF India Limited, Mr. Narayan … Read more
BASF broke ground on its new Polyurethane Application Development Laboratory in Mumbai, India. The new lab will house state-of-the-art applications equipment in an approximately 2,000 sq meter space. To be inaugurated in 2024, the lab will strengthen collaboration with Indian customers from high-growth industries, including consumer appliances, construction, footwear, furniture, and transportation. It will offer … Read more
BASF India Ltd., completed the installation and start-up of a state-of-the-art acrylic dispersions production line in Dahej, India, serving the coatings, construction, adhesives, and paper industries for the South Asian markets. BASF began production of polymer dispersions in Dahej, India in October 2014, and this additional production line will almost double its capacity. BASF is … Read more
BASF India Limited will expand the production capacity of its Ultramid polyamide grades to meet increasing market demand. The increased capacity at BASF’s production site in Panoli, Gujarat, will be available in Q4 2022. “The additional capacity reaffirms our dedication to being our customers’ supplier of choice for polyamidesand will help us meet the rapidly … Read more
BASF India Ltd., an Indian subsidiary of BASF SE Germany announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 30.4% to Rs 1.37 billion for the period ended September 30, 2021 as against net profit of Rs 1.97 billion for the previous quarter. Net sales … Read more
BASF India Limited’s Board of Directors have approved the acquisition of 100% stake by the Company in BASF Performance Polyamides from BASF Nederland B.V. and BASF SE. The deal consideration amount is not exceeding Rs 305 crores ($40.6 million), including adjustments, if any, at arm’s length basis, subject to the approval of the shareholders of … Read more