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BASF recently announced that its fuel and lubricant solutions business unit will be investing in Mexico and China to increase production of antioxidants for lubricants. The capacity expansions are intended to address the growing demand for antioxidants from the increasing number of vehicles in Asia and the global demand for long-life lubricant additives.
"We continue to address the regional and global needs of our customers through investments and product innovation," said Marius Vaarkamp, BASF's global marketing director for lubricant oil additives. "Expanding our global production capacity of antioxidants for lubricants shows our commitment to meeting the increasing needs of an evolving market."
In Mexico, BASF has expanded the production capabilities of its site in Puebla. In China, the expansion has been through a technology licensing and manufacturing agreement with Feiya Chemical Co. Feiya recently built a new site in Rudong, Jiangsu Province, which is fully operational and producing on-specification products.
"We value BASF as our partner, and we are committed to meeting the expectations of BASF and its customers," said Hong Seng Cao, chairman and general manager of Feiya Chemical Co.
Headquartered in Ludwigshafen, Germany, BASF is the world's largest chemical producer with subsidiaries and joint ventures in more than 80 countries.
For more information, visit www.basf.com.