BASF shifts dispersions & pigments division headquarters Hong Kong

BASF shifts dispersions & pigments division headquarters to Hong Kong

1:42 AM, 16th November 2011
BASF shifts dispersions & pigments division headquarters to Hong Kong
BASF headquarters in Germany.

 

LUDWIGSHAFEN, GERMANY: BASF plans to establish the global headquarters of its dispersions and pigments division in Hong Kong. As of January 1, 2012, the division head and about 50 global positions, currently located in Ludwigshafen and Basel, will transition to Hong Kong. Transfer of positions will be realized over a period of about 12 months. “Asia is already the largest market for our division. We want to further participate in the dynamic growth in that region. To this end, we want to change the perspective from which we view our customer industries. By forming a global team at an international location we will also further increase attractiveness of BASF,” said Dr Markus Kramer, President, Dispersions & Pigments division, BASF.

All employees affected by the transition and who will not move to Hong Kong will be offered other positions within BASF. The regional business and production units located in Europe and Asia are not affected by this move.

The portfolio of the Dispersions & Pigments division includes pigments, resins, dispersions and additives such as photoinitiators, light stabilizers and formulation additives. The division posted sales of €3.2 billion in 2010 .

© WOC News

 

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