dahej, bharuch, india &ndash october 7, 2014 &ndash basf india limited bse code 500042 today inaugurated its largescale chemical production complex at dahej in gujarat, india. with a project cost of inr 1,000 crore approximately &euro150 million, the site represents basf&rsquos single largest investment in india. the site was jointly inaugurated by smt. anandiben patel, hon&rsquoble chief minister of gujarat shri saurabhbhai patel, hon&rsquoble minister for finance, energy and petrochemicals, government of gujarat and mr. michael heinz, member of the board of executive directors, basf se. heinz said &ldquoas part of our investment plans of more than &euro10 billion in asia pacific between 2013 and 2020, we want to strengthen our production platform in india. with our new dahej site we are enhancing our position as supplier with local production and can even better &lsquocreate chemistry&rsquo with our customers. with our advanced technologies and the commitment of our team in india, we will both contribute to and benefit from india&rsquos huge market potential.&rdquo dr. raman ramachandran, chairman, basf companies in india & head south asia, said &ldquowith this production hub, including the first mdi splitter in south asia, we are well positioned to increase our longterm competitiveness significantly in this key market. we will serve our customers in the asia pacific region even better through stable product supply in terms of both quality and volume.&rdquo the site includes an integrated hub for polyurethane manufacturing and production facilities for care chemicals and polymer dispersions. the care chemicals facility at the dahej site hosts the first basf sulfation plant in india, which will cater to customers in the fastmoving consumer goods sector. the polymer dispersions plant will expand basf&rsquos production footprint in the dispersions business, complementing the mangalore facility. it will serve paper and board, architectural coatings, construction, adhesives, and fiber bonding customers, located in northern and western india. the integrated polyurethane manufacturing facility will host a mdi methylene diphenyl diisocyanate splitter for processing crude mdi, a core component in the manufacture of versatile polyurethane products. they are used extensively for cold as well as heat insulation applications and are the preferred material for improving safety in transportation, and enhancing energy efficiency and comfort at home. the site will also produce elastollan® tpu thermoplastic polyurethane, cellasto® microcellular polyurethane components and polyurethane systems. the integrated hub will support the demand of industries in the appliances, footwear, automotive, construction, and furniture segment. the site currently employs 200 people directly and 300 people indirectly. in the near future, the site will offer direct employment opportunity to 50 additional people. supporting stateoftheart environment, health and safety facilities, the site has recorded zero losttime injuries during construction. about basfat basf, we create chemistry &ndash and have been doing so for 150 years. our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. as the world&rsquos leading chemical company, we combine economic success with environmental protection and social responsibility. through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. we have summed up this contribution in our corporate purpose we create chemistry for a sustainable future. basf had sales of about &euro74 billion in 2013 and over 112,000 employees as of the end of the year. basf shares are traded on the stock exchanges in frankfurt bas, london bfa and zurich an. further information on basf is available on the internet at www.basf.com. about basf in indiabasf has successfully partnered india&rsquos progress for over a century, with 13 of basf&rsquos 14 global businesses maintaining a local presence in india today. basf in india maintains excellent performance in environment, health and safety, in line with basf global and internationally accepted standards. on the social front, our community development activities focus on relief and rehabilitation, women&lsquos empowerment, education, and improving governance standards. basf in india has 2,254 employees at eight production sites & sales offices and two r&d centers. in 2013, basf registered sales of &euro1.02 billion to customers in india.
