BASF invest $33 mn in plant biotechnology insect control research
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BASF to invest $33 mn in plant biotechnology and insect control research

2:13 AM, 16th February 2012
BASF to invest $33 mn in plant biotechnology and insect control research
BASF Crop Protection and PlantScience site, Reaseach Triangle Park, US.

LUDWIGSHAFEN, GERMANY/RESEARCH TRIANGLE PARK, US: BASF announced a $33 million investment to expand its facilities in Research Triangle Park (RTP), North Carolina. Nearly 80,000 sq feet of office, laboratory and greenhouse facilities will support the company’s plant biotechnology and insect control research. This is the first in a series of investments that the Agricultural Solutions segment will make in 2012.

This site currently employs approximately 780 people and occupies 400,000 square feet. BASF established its RTP site in 1986. The last major investment in the site took place in 2006. “This expansion demonstrates the company’s strategic commitment to agricultural solutions and strengthening R&D in all of our markets. It also underscores our commitment to the site’s employees and the surrounding community,” said Nevin McDougall, Senior Vice President, Crop Protection North America, BASF.

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