BASF to double capacity for polymer dispersions

BASF intimated the exchanges about its intent to double the production capacity for polymer dispersions with a new production line at its site, located in Dahej in India. The company aims to provide a reliable supply of high-quality dispersion solutions to customers in the current fast-growing Indian and South Asian markets through this investment.

BASF India has started the production of polymer dispersions in Dahej in the state of Gujarat in October 2014. Currently, the company operates one production line at the plant. The proposed investment is expected to expand the production capacity of dispersions for the construction, coatings, paper, and adhesive markets and the enhanced production line will serve the growing demand in South Asia as well. The operations are set to begin by 2021.

BASF India Limited is engaged in providing chemicals, plastics, performance products, and crop protection products. Its segments include agricultural solution, performance products, chemicals, functional materials & solutions, etc.

On Wednesday, the stock of the company was trading at Rs. 1,007.10, up by 1.88 per cent or Rs. 18.55 per share. The 52-week high is Rs. 1,636.00 and 52-week low is Rs. 896.85.