Germany-based BASF, the world’s largest chemical company, has opened a new R&D centre in Ansan, South Korea. The new facility houses a Consumer Electronics Competency Centre and a combined R&D team from BASF’s recent acquisition of Belgium-based Solvay’s polyamide business.
Andy Postlethwaite, senior vice-president of performance materials, Asia-Pacific, at BASF, explained in a company press release: “The new facility is a clear signal of our commitment to support our customers in developing innovative solutions. Pursuing innovation in new products and applications is our goal. We will leverage the extensive know-how of the combined business to develop advanced customer-oriented material solutions, as well as to drive more projects with our customers.”
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company’s recent acquisition of Solvay’s polyamide business has strengthened the company’s R&D capabilities and enables it to better serve its customers in Asia-Pacific. The new R&D team in South Korea will complement the company’s existing R&D operations in Shanghai.
