BASF to set up CSB facility in Bahrain
Manama, October 20, 2010
BASF, the world's leading chemical company, yesterday announced it is to set up a production facility for customer specific antioxidant blends (CSB) in Bahrain.
The plant, which will come on stream next year or in 2012, is expected to create about 50 jobs.
It will come in addition to the existing tolling agreement for CSB with Astra Polymer in Saudi Arabia, which is mainly supplying local customers.
'With the new production facility in Bahrain, we will be able to support the fast growth of our customers in the Middle East, while providing flexibility in supply and service speed our customers require,' said BASF Performance Chemicals Division president Hans W Reiners in Germany.
'Following the evaluation of several investment options, we have decided that a new antioxidant blending facility in Bahrain will provide the highest value for both our customers and BASF,' added BASF Plastic Additives Europe/EAWA senior vice-president John Frijns.
As the world's leading plastic additives supplier, BASF is committed to supporting polymer growth in the Middle East with local production as well as services customers demand.
'I am delighted that the world's leading chemical company, BASF, has chosen Bahrain and the Bahrain International Investment Park (BIIP) in Salman Industrial City for a new production facility to produce antioxidant blends for Middle East markets,' said Industry and Commerce Minister Dr Hassan Fakhro.
'The selection by such a prestigious company of the BIIP is a testament to the quality of the location and the competitive advantages which Bahrain has to offer to international companies,' he added.
'Yesterday's announcement follows the news last Thursday that another leading German company, Siemens, is establishing a metallurgical service centre in BIIP for the Middle East and the announcement in August that Chongqing Polycomp International Corporation, China and S+A Abahsain, Saudi Arabia, are to invest $200 million in a new fibreglass manufacturing facility at the BIIP,' he said.-TradeArabia News Service