BASF opens new automotive coatings facility

|About: BASF SE ADR (BASFY)|By:, SA News Editor

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)