BASF Electronic Materials will invest €4 million in establishing a new plant in Shanghai, China, for the purification and mixing of solvents and etchants used in electronics manufacture. The new plant will begin production in the third quarter of 2006 and will serve local customers within the rapidly growing market for the manufacturing of integrated circuits.
“BASF’s investment in this new plant underlines our commitment to provide our Chinese customers with a reliable supply of tailor-made formulations from local production,” said Karl-Rudolf Kurtz, Group Vice President of BASF Electronic Materials. By 2010, BASF Group aims to achieve 70 percent of sales in the chemicals businesses in Asia Pacific from locally produced products.
The plant includes production facilities, a warehouse, administration and marketing offices as well as a laboratory. The plant will employ 33 people.
Integrated circuits are used in consumer electronic products such as PCs, Notebooks and mobile phones. The Chinese market for chemicals used for the manufacturing of integrated circuits is expected to have an annual growth rate of 25 percent until 2010.