The global chemical giant BASF Corporation is supporting the USA to fight against COVID-19 pandemic with hand sanitizers. The company provides hand sanitizer to the state of New Jersey and New York which produced at the companys facility in Washington, New Jersey at free of charge.
The company generally does not produces hand sanitizer at the Washington facility, but due to increasing demands for sanitizing products, the company is manufacturing it. The Washington facility will produce approximately 3,500 gallons of sanitizer to be distributed to health care systems and government agencies in New Jersey and New York, and other BASF locations in the USA.
The leading expansions and deals by BASF are featured below:
- February 2020: BASF announced a new battery materials production facility in Schwarzheide, Germany. The new plant is a part of the companys multi-step investment plan to support the European electric vehicle (EV) value chain. The facility will help the company to strengthen its global leadership position in battery materials for electric vehicles. The Schwarzheide facility will produce cathode active materials (CAM) with an initial capacity enabling the supply of around 400,000 full electric vehicles per year with BASF battery materials
- January 2020: BASF announced the completions of the acquisitions of Solvays polyamide (PA 6.6) business for approximately $1.4 billion. The deal broadens BASFs polyamide capabilities with innovative and well-known products such as Technyl. The acquisition will allow BASF to support its customers with even better engineering plastics solutions, e.g., for autonomous driving and e-mobility.
- January 2020: BASF builds a new regional production hub for its Agricultural Solutions business in Asia Pacific. The companys new production hub for crop protection constructs in Singapore. The new multipurpose facility has been designed to handle six different formulation technologies and will supply the companys patented crop protection products to farmers across the fast-growing Asia Pacific region.
- December 2019: BASF Venture Capital is investing in Israeli AgTech startup Equinom. Its computerized breeding technology provides improved seeds for the food industry. The existing investors of Equinom are Fortissimo Capital, which invests primarily in the technology, AgTech, and industrial sectors, and Roquette, a global leader in plant-based ingredients for food, nutrition, and health markets.
- December 2019: BASF inaugurated the second phase of an antioxidant manufacturing plant, which produces Irgafos 168 and Irganox 1076 at its Caojing site in Shanghai, China. The new plant has an annual capacity of 42,000 tons & it mainly serves customers in China.
- November 2019: BASF launched its smart Verbund project at Zhanjiang, in Guangdong province, China, and commenced building its primary plants. The plants will produce engineering plastics and thermoplastic polyurethane (TPU) to serve industries in southern China and other Asian countries.
BASF is one of the leading chemical manufacturers in the world. Germany based BASF is an international company comprises of subsidiaries and joint ventures in about 80 countries and operates six integrated production sites in Europe, the Americas, Asia, Australia, and Africa. The company employs approximately 122,000 employees worldwide. The companys portfolio is organized into six segments: Chemicals, Materials, Surface Technologies, Nutrition & Care, Industrial Solutions, and Agricultural Solutions.