German chemical giants continue to vigorously explore the Chinese market

Martin Brudmüller, CEO of German chemical giant BASF, said on the 20th in Ludwigshafen, Germany, that he will seize the opportunity brought by the Chinese government to further expand the open market and vigorously expand the business in the Chinese market.

At a news conference held on the same day, Bruder Miller said that China has become one of the largest chemical markets in the world and currently accounts for more than 40% of the global chemical market. It is expected that this proportion will further expand in the next decade.

Brudmüller said that BASF hopes to further expand its business in China by building a highly integrated chemical production base in Zhanjiang, Guangdong, and expanding the production scale of the Nanjing integrated base.

On the same day, BASF also announced a new strategy for corporate development, and announced that from January 2019, the company\'s business sector will be adjusted from the current four to six, namely chemicals, materials, industrial solutions, surface technology, nutrition and medical care. And agricultural solutions.

Founded in 1865, BASF is a large multinational chemical company headquartered in Ludwigshafen.