• BASF announces double-digit million euro investment in specialty chemicals business at Monthey, Switzerland site;
• Significant capacity expansion until 2022;
• Expanding leadership in a growing market.
A double-digit million euro investment in existing plants will be used to increase capacity stepwise until 2022. The first additional capacities will come on stream in 2021.
“We are making this investment to enable us to meet globally increasing customer demand,” said Soeren Hildebrandt, Senior Vice President, Home Care, I&I and Industrial Formulators Europe, BASF. BASF's Tinopal® CBS offers its home care and I&I industry customers a high-performance and sustainable solution for dazzlingly white laundry. “We convince our customers by above all providing a product of outstanding quality, while continuing to fulfill our role as a pioneer in this growing market,” Hildebrandt said.
Tinopal® CBS is used in liquid and powder detergents, single-unit dose, and I&I products. The optical brightener lengthens the useful life of textiles as Tinopal® CBS gives brilliant white results even at low temperatures and with short wash cycles. Tinopal® CBS is ideal for use in innovative product formats such as highly concentrated liquid detergents and single-unit-dose. What is more, Tinopal® CBS-X meets EU Ecolabel criteria.
In response to high demand, BASF invested in an extension of the manufacturing facility for optical brighteners in Monthey as recently as 2017. That investment included the installation of a state-of-the-art drying tower and a highly automated packing line.
About the Care Chemicals division at BASF
The BASF division Care Chemicals (care-chemicals.basf.com) offers a broad range of ingredients for personal care, home care, industrial & institutional cleaning, and technical applications. We are the leading global supplier for the cosmetics industry as well as the detergents and cleaners industry, and support our customers with innovative and sustainable products, solutions and concepts. The division’s high-performance product portfolio includes surfactants, emulsifiers, polymers, emollients, chelating agents, cosmetic active ingredients and UV filters. We have production and development sites in all regions and are expanding our presence in emerging markets.
At BASF (basf.com), we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 122,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of around €63 billion in 2018. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.