"BASF is confident in participating in the future development of China." on November 10, BASF, the leader of German chemical industry, told the reporter of shell finance and economics that relying on BASF's competitive technical advantages and market position in the Chinese market, the enterprise will further develop its local business in China.
According to CCTV, German Chancellor Scholz arrived in Beijing on November 4 for an official visit to China. Senior executives of German enterprises, including the CEO of BASF Group, also accompanied.
. Germany is willing to strengthen equality and mutually beneficial cooperation with China to provide a fair market environment for entrepreneurs of the two countries to operate in each other's countries, so that both sides can benefit from it.
"BASF and the Greater China market can be traced back to 1885, and it has been 137 years. Since then, BASF has been a loyal partner of China." on November 10, BASF told the reporter of shell finance and economics that as an important foreign-invested enterprise in China's chemical industry, BASF has always been active in the Chinese market. BASF's main production bases are located in Shanghai, Nanjing and Chongqing, and the Shanghai innovation park is BASF's R & D Hub in the world and the Asia Pacific region. In 2021, BASF's sales to customers in Greater China were about 12billion euros, with 11070 employees by the end of the year.
BASF said that China is the world's largest chemical market, and investment in China is in line with BASF's strategy, that is, to produce in places close to customers. Enterprises provide solutions for the growing Chinese market and customers through China's production base. Today, China accounts for about 45% of the global chemical market. By 2030, China is expected to occupy half of the global chemical market, and more than two thirds of the growth in global chemical production will come from China.
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