BASF sells “niche” liquid plastics business to Audia
BASF has announced the expansion of its European compounding operation for engineering plastics, creating some 50 new jobs. Credit: BASF SE
BASF has announced it is expanding the compounding capacities for engineering plastics in Europe, which will see the creation of around 50 new jobs.
The firm estimates that from 2017 it will be able to produce up to an additional 70,000 metric tons per year of Ultramid (polyamide) and Ultradur (polybutylene terephthalate) at its Schwarzheide site in Germany.
This is another step in its capacity expansions, which BASF is undertaking because of the increasing demand for engineering plastics around the world.
“With this expansion we strengthen our leading position in engineering plastics in Europe”, said Dr. Melanie Maas-Brunner, head of BASF’s Performance Materials Europe division.
“By investing in highly efficient plants we help our customers to meet the increased demands on the materials, e.g. for large-volume and globally manufactured components in the automotive industry.”
BASF’s engineering plastics, Ultramid and Ultradur, are processed into high-performance components in the automotive industry, the electrical and electronics sector as well as in the construction and furniture industries.