BASF plans worldwide expansion of PVP production
Investment of up to €56 million
BASF plans to invest up to €56 million in the expansion of its Polyvinylpyrrolidone (PVP) value chain over the next four years. PVP is a polymer which is used in diverse industries, for example the pharmaceutical or the personal and home care sector, mainly due to its binding properties. Through revamping existing plants in Ludwigshafen, Germany and Geismar, Louisiana and introducing the PVP technology at BASF’s site in Shanghai, China, the company will increase its global PVP production capacities by up to 6,000 metric tons. All plants will operate under the highest possible quality standards (current Good Manufacturing Practice).
“Our global production network and technology leadership enable us to obtain the highest levels of supply reliability and quality for our customers in multiple industries,” said Michael Heinz, Member of the Board of Executive Directors, BASF SE. “With this investment we are actively participating in the strongly growing PVP market, especially within the pharmaceutical industry,” added Saori Dubourg, President of BASF’s Nutrition & Health division.
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