BASF strengthens innovation capabilities in Asia
- Groundbreaking for the third phase of Innovation Campus Shanghai
- Establishment of an academic sounding board as part of BASF’s Network for Asian Open Research (NAO)
- Growing innovation capabilities will further accelerate innovations for BASF’s customers
Shanghai, China – April 27, 2021 – BASF is strengthening its innovation capabilities in Asia by breaking ground for the third phase of its Innovation Campus Shanghai and by establishing an academic sounding board as part of the Network for Asian Open Research (NAO). The expansion includes an additional research and development (R&D) building and one R&D workshop building. Construction is expected to be completed by the end of 2022; by then, the total investment of BASF into its Innovation Campus Shanghai will sum up to around €280 million.
This further expansion demonstrates BASF’s continued commitment to further build up innovation capacities in China and the whole Asia Pacific region. With this expansion, BASF will strengthen its R&D capabilities for advanced materials and systems as well as for chemical engineering in order to serve the needs of growing industries, such as automotive, construction, and coatings.
Accompanying this expansion at the Innovation Campus Shanghai, BASF is establishing a sounding board made up of experts from top universities in Asia as part of the Network for Asian Open Research (NAO). The sounding board will strengthen BASF’s innovation pipelines and accelerate market introduction by providing professional consultancy for R&D projects, anticipating industry trends, and enhancing the collaborations between BASF and universities.
Launched in 2014, NAO is a joint platform of BASF and meanwhile 12 prestigious universities and institutes in Asia Pacific. To date, more than 70 joint projects have been completed, covering a wide range of research areas including monomers, polymers, surfaces and interfaces, coatings, catalysis, battery materials, chemical and process engineering, insecticides, as well as digitalization and smart manufacturing in R&D.
“Innovations have made BASF the leading chemical company and they are the key driver for our profitable organic growth. We are increasing our R&D presence in Asia, intensifying our open innovation activities and strengthening our capabilities to meet the needs of our customers in Asia and across the globe,” said Dr. Jeffrey Lou, President, Advanced Materials & Systems Research, BASF.
The Innovation Campus Shanghai has become an innovation powerhouse for BASF and its partners. Over the past five years, the Innovation Campus Shanghai has applied for more than 220 patents. The site plays an increasing role in the development of innovations for the automotive, construction and consumer goods industries.
“The further expansion of the R&D capabilities at the Innovation Campus Shanghai provide excellent support to our business operations, which strengthens the position of BASF a preferred local innovation partner,” said Dr. Stephan Kothrade, President and Chairman Greater China, BASF.
For example, together with pet toy manufacturer GiGwi, BASF is co-developing toys for pets made of BPA-free Infinergy®, which makes the toys more abrasion-resistant. Other R&D successes include Acronal® EDGE 7686, a breakthrough polymer technology for exterior wall coatings. Coatings made with this polymer have outstanding color durability and high dirt pick-up resistance, which help to keep buildings looking new for longer.
About BASF in Greater China
BASF has been a committed partner to Greater China since 1885. With large production sites in Shanghai, Nanjing and Chongqing, as well as a global and regional research and development hub in Shanghai, BASF is a major foreign investor in the country’s chemical industry. BASF posted sales of approximately €8.5 billion in 2020 to customers in Greater China and employed 8,948 people as of the end of the year. For further information, please visit www.basf.com/cn/en.
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.
