To meet the growing demand for solvents and plasticizers German chemicals company BASF AG plans to expand annual production capacity of its oxo-C4 plant in Nanjing, China, by 55,000 metric tons to 305,000 metric tons by the fourth quarter of 2008.

The company has also inaugurated its first plasticizer applications laboratory in the region in Shanghai, which will focus on flexible PVC applications.

“This is a sign of the times – China in particular and Asia Pacific in general are the markets of today and the future for chemicals,” said Johnny Kwan, chairman of the BASF Greater China Country Board. “Our state-of-the-art laboratory will provide our customers in the region with the innovations they need to be successful.”

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