Update: BASF puts multibillion-euro chemical complex in China into full operation

Xinhua
26 Mar 2026, 08:46 GMT+10

GUANGZHOU, March 26 (Xinhua) -- German chemicals giant BASF on Thursday put its massive production complex in Guangdong Province into full operation, marking the largest single investment project wholly owned by a German enterprise in China.

With an investment of 8.7 billion euros (about 10 billion U.S. dollars), the integrated site covers about 4 square kilometers in Zhanjiang City, Guangdong, the company said, a move that industry analysts say underscores BASF's long-term commitment to expanding in China as the country continues to promote high-standard opening up.

The complex, known as a Verbund site, has successfully started up 32 production lines and is producing more than 70 products, including basic chemicals, intermediates and specialty chemicals for the transportation, consumer goods, electronics, home and personal care industries.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to China National News.

More Information

Business

Section

Wall Street advances on hopes for cessation of hostilities in Gulf

NEW YORK, New York - U.S. stocks advanced on Wednesday after it was reported the United States had offered Iran a deal to end the...

Excise duty on petrol, diesel in Ireland to be cut amid high prices

DUBLIN, Ireland: Excise duty on petrol and diesel is likely to be cut to help people cope with volatile fuel prices. The decision...

Affordable Chinese EVs spark envy among US car shoppers

DETROIT, Michigan: For some U.S. consumers, the search for an affordable electric vehicle is leading to a frustrating conclusion: the...

India floods market with low-cost versions of weight-loss drugs

NEW DELHI, India: Indian drugmakers have begun launching lower-cost versions of popular diabetes and weight-loss drugs Ozempic and...

U.S. stock markets reverse gains as oil crisis reverberates

NEW YORK, New York - U.S. stocks finished mostly lower on Tuesday, while global markets delivered a mixed performance as geopolitical...

Berkshire to buy 2.49% stake in Tokio Marine partnership

TOKYO, Japan: Tokio Marine Holdings said on March 23 that it will enter a strategic partnership with Warren Buffett's Berkshire Hathaway,...

Asia Pacific

Section