LUDWIGSHAFEN, GERMANY (Dec. 1, 1 p.m. ET) — BASF SE said it plans to build a plant to produce its Ultrason polyethersulfone (PESU) polymer at the company's site in Yeosu, South Korea.
The new plant will have annual capacity of 6,000 metric tons and will employ about 50 people. Construction of the plant will start in early 2012 and production is expected to begin by early 2014.
The project is part of BASF's program to invest approximately 2.3 billion euros in the Asia Pacific region between 2011 and 2015, in order to achieve its goal of producing 70 percent of its sales in the region.
The group said Ultrason is sold to customers in the electronics industry, as well as the automotive and aerospace industries for the production of heat-resistant light weight components and to the water treatment industry for manufacturing of water treatment membranes.