The German BASF chemical concern is based on the Chinese market

Ludwigshafen, November 20 (TASR) – The BASF German company, the largest chemical duty in the world, aims to expand significantly in the Chinese market. By adopting the steady growth of one of the largest chemicals in the world, The company is committed to raising benefits in the coming years.

BASF management has stated that it plans to expand its plant; already in Nanchang and also a new new plant building in the town of Chanting in the southern part of the country. Currently, there is a 40% stake in a global chemical market and is expected to grow up to 50% by the end of the next decade.

"By 2030, the English division of a global chemical market will be almost 50%, and we would like to take part," Martin Brudermüller, head of the BASF headquarters at Ludwigshafen, told BASF. He said, after an investment of around € 11 billion in Nan-ting, the company is investing another 10 billion euro in the & # 39; new planting.