German chemical firm BASF unveiled its new research and development facility in Shanghai on Tuesday to enhance its regional innovation capabilities.
The 5,000-square-meter facility, at BASF’s Innovation Campus Shanghai in Pudong New Area, includes its Automotive Application Center and Process Catalysis R&D Center, with a combined investment of up to 34 million euro (US$38.3 million).
“Thanks to our continuous investment in R&D, we are able to support our customers in China and the entire Asia Pacific region,” said Stephan Kothrade, chairman of BASF China.
The company has invested nearly 180 million euro in China since 2012.
Also at the inauguration, BASF presented a range of innovations to support customers in industries such automotive, construction and consumer goods, in particular a waterborne coating system that was newly introduced on the Chinese mainland.
Shanghai is fast becoming a leading global innovation hub, joining the likes of San Francisco and Singapore
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