BASF targets 10pc of global chemical sales in China by 2010
28 Sep '05
3 min read
Nanjin Office
A total of $2.9 billion has been invested in the construction of the integrated Verbund site. At the height of construction technical experts from 22 countries and 15,000 workers – with a diverse range of occupations and cultures – were on site, working together to build the plants and infrastructure. During the construction phase, more than 100,000 workers received very thorough safety training from BASF.
“Tomorrow, it will be only four years to the day since we broke ground for the new Verbund site here in Nanjing,” said Hambrecht. “That we successfully accomplished a project on this scale is due in particular to the tremendous efforts of our employees here, our partner companies, and of course the strong support of the Chinese and German governments. I would like to whole-heartedly thank all those involved for their outstanding work.”
The Nanjing site is modeled on the Verbund concept originating from BASF's headquarters in Ludwigshafen, Germany – the world's largest, single-company chemical production complex.
By linking manufacturing plants, the company can use products, by-products and energy in the most efficient way, so as to realize cost efficiency and minimize environmental impact.
As a result, BASF-YPC Co. Ltd. will make a contribution to the sustainable development of the local economy and the Chinese chemical industry.
BASF has, therefore, commissioned the German Society for Technical Cooperation (GTZ) to carry out a study to analyze the economic, environmental, and social effects of its investment in Nanjing.
marketing@alchempro.com
