BASF to Invest More Than EUR500 Million in Capacity Expansion at Belgian Site

Date : 09/30/2019 @ 10:49AM
Source : Dow Jones News
Stock : BASF AG (BAS)
Quote : 40.755  -0.825 (-1.98%) @ 4:35PM
BASF share price Chart

BASF to Invest More Than EUR500 Million in Capacity Expansion at Belgian Site

BASF (XE:BAS)
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   By Max Bernhard 
 

BASF SE (BAS.XE) plans to invest more than half a billion euros in a capacity expansion for integrated ethylene oxide and derivatives at its Antwerp site in Belgium.

The more than 500 million-euro ($546.8 million) investment will add about 400,000 metric tons per year to BASF's production capacity for the corresponding products, the German chemicals company said Monday.

BASF expects a sequential start-up to begin in 2022.

 

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

September 30, 2019 05:34 ET (09:34 GMT)

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