BASF's coatings division has opened a new automotive plant at its Bangpoo manufacturing site, Samutprakarn province, Thailand.
The new plant is the first BASF automotive coatings factory in the ASEAN region and will produce solvent borne and water borne coatings to meet growing market demand in the region.
Dirk Bremm, president of the coatings division, said: "The inauguration of the new plant demonstrates our commitment to meeting customer expectations for advanced coating technologies and products in ASEAN, for ASEAN."
According to LMC, this year's total car production in ASEAN is anticipated to reach around 3.9m units. Thailand will account for more than 50% of this market, representing the largest coatings market within ASEAN, followed by Indonesia and Malaysia. With an increasing number of automotive OEMs engaging in production and technology development activities in ASEAN, there is also a growing need for local innovation in coatings solutions and products, as well as a high degree of technical service.
The new plant in complements facilities at the Coatings Technical Competence Centre ASEAN, which was opened in September 2015 at the same location. The technical centre includes a laboratory for product development, high performance application facilities, colour design, as well as a small batch production unit. The co-location of production and technical facilities enables operational efficiency and speed to market. The new plant's design allows customised service and also has the potential for future expansion and the flexibility to adapt to new production requirements and changing industry trends.
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By GlobalData