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BASF opens new automotive coatings facility

  • BASF Shanghai Coatings, a joint venture between BASF (OTCQX:BASFY -1.8%) and Shanghai Huayi, has opened its new automotive coatings plant in Shanghai.
  • The €50M investment for the new facility expands BASF's production capacity, strengthening its presence in China and as the leading coatings supplier in the automotive industry. (PR)
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