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FINANCIAL NEWS
BASF to build CBS facility in Bahrain
20 Oct 2010
(MENAFN) Germany-based BASF, the world’s leading chemical company, has announced plans to set up a production facility for customer specific antioxidant blends (CSB) in Bahrain, Gulf Daily News reported.
The plant, which will come on stream next year or in 2012, is expected to create about 50 jobs.
It will come in addition to the existing tolling agreement for CSB with Astra Polymer in Saudi Arabia, which is mainly supplying local customers.
As the world’s leading plastic additives supplier, BASF is committed to supporting polymer growth in the Middle East with local production as well as services customers demand.
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