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BASF Bets on China Growth as Zhanjiang Site Targets €5 Billion in Sales by 2030

BASF BAs China ETR Guangdong Greater China MarketBeat

Basf (ETR:BAS) executives said the company’s new Zhanjiang Verbund site in Guangdong province has started operations successfully, positioning the German chemicals group for further growth in China while adding a major new production platform built around digitalization, feedstock flexibility and renewable power.

Speaking during a virtual deep dive for analysts and investors, Markus Kamieth, Chairman of the Board of Executive Directors, said Zhanjiang is BASF’s seventh global Verbund site and its first new Verbund opening since Nanjing in 2005. He described the project as BASF’s largest single investment globally and the largest investment by a German company in China.

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