CHARLOTTE, NC, February 28, 2018 – In its ongoing commitment to its Kaolin business, BASF is investing nearly $200 million over the next 10 years to realize further growth potential through sustainable supply, service and innovative solutions for its customers.
The company’s long-term investment strategy includes infrastructure and process improvements projects at BASF’s Middle Georgia sites, which will further enhance asset reliability while helping to increase operational sustainability and efficiency.
BASF’s Kaolin business is among the largest calcined kaolin producers in the world and a global market leader in segments such as paints & coatings, plastics & rubber, thermal paper, and ceramic catalytic substrates. These segments are integral to growing industries such as automotive and construction.
“The attractive long-term growth outlook of these industries supports BASF’s increased investment, which will enhance our supply, service and innovative solutions to support our customer’s business goals and further strengthen our market leadership,” said Dr. Shane Porzio, Vice President of BASF’s Kaolin business.
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has nearly 17,500 employees in North America, and had sales of $16.2 billion in 2016. For more information about BASF’s North American operations, visit www.basf.com.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The more than 115,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of €64.5 billion in 2017. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.