LUDWIGSHAFEN, GERMANY (Jan. 17, 2:30 p.m. ET) — BASF AG said it has selected its Ludwigshafen complex as the site for a new toluene diisocyanate factory.
The firm announced last summer it would build the facility, but hadn't picked a site. Production will start at the end of 2014, and the project will include additions and/or expansions of facilities that make precursors.
BASF said it will close its TDI facility in Schwarzheide, Germany, when the new plant opens.