Page 20 - Plastics News August 2018

COMPANY NEWS

BASF invests in a state-of-the-art surface treatment site in China

he Surface Treatment global business unit of the automotive industry. The latest investment positions BASF
TCoatings division of BASF, operating under the as an even more complete solution provider for coatings
Chemetall brand, invests in a state-of-the-art surface by adding the surface treatment business operating under
treatment site in the Dushan Port Economic Development WKH &KHPHWDOO EUDQG ´:H DUH ORRNLQJ IRUZDUG WR VHUYLQJ
Zone of Pinghu, Zhejiang province, China. The site our customers in China with outstanding products and
which is planned to be completed by 2021 will house services from a state-of-the-art surface treatment site in
production, warehousing, a state-of-the-art laboratory the Dushan Port Economic Development Zone of Pinghu,”
and administrative offices in an ideal environment says Jin Hui, General Manager Chemetall China.
for manufacturing development. This investment will
strengthen Chemetall’s position in China to deliver the Transcendia acquires Precision
high level of service and quality solutions customers have
come to expect from Chemetall. The site is ideally located Poly LLC
at the Dushan Port Economic Development Zone of Pinghu,
which provides excellent infrastructure to this project. ichigan based Packaging manufacturer Precision

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“For Chemetall, a strong local presence in China is key IRU ÁH[LEOH SDFNDJLQJ DSSOLFDWLRQV ZDV DFTXLUHG WKLV
to servicing our customers and delivering on the ‘expect week by Transcendia Inc., a Franklin Park, Ilionois
more’ brand commitment to deliver the best customized EDVHG ÀUP VSHFLDOL]LQJ LQ FXVWRPL]LQJ SODVWLF ÀOP
solutions in the surface treatment industry,” states Martin structures, according to a statement. The deal
Jung, Senior Vice President, Surface Treatment. “This included Precision Poly’s parent company, Spire
investment will create Chemetall’s most comprehensive Flexpack Inc. The acquisition “enhances Transcendia’s
site globally and enhance our customer support and supply growing food and beverage segment through the
chain to China. It will contribute to the expansion of a DGGLWLRQ RI FRPSOHPHQWDU\ PXOWL OD\HU EORZQ ÀOP
broad global portfolio across multiple segments, with
quality and environmentally-friendly products and system
solutions for diverse market segments. These include

technologies and an SQF [safe quality food] rated
facility location,” stated Andy Brewer, president and
CEO of Transcendia. The deal marks Transcendia’s
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according to the company. Terms of the transaction
were not disclosed. According to Precision President
Parnell Olson, the companies’ portfolios of food and
automotive, auto components, coil, general industry, LQGXVWU\ SURGXFWV ´FRPSOHPHQWµ HDFK RWKHU ´:H
FROG IRUPLQJ DHURVSDFH DOXPLQXP ÀQLVKLQJ DQG JODVV µ are well positioned for growth with the addition
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resources to expand our business,” Olson said in a
BASF’s Coatings division has frequently invested in China, statement. Spire Flexpack was advised by Cleveland,
especially in Shanghai, to further enhance its proximity 2KLR EDVHG EDQNLQJ ÀUP .H\%DQF &DSLWDO 0DUNHWV ,QF
to customers in the fastest growing region for automotive DQG $WODQWD *D EDVHG ODZ ÀUP )LVKHU%UR\OHV //3
coatings solutions. Examples are the first regional Transcendia was advised by New York City-based law
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Innovation Campus Shanghai as well as a world-scale &KLFDJR EDVHG FRQVXOWLQJ ÀUP 5LFKWHU &RQVXOWLQJ ,QF
production facility which supports the growing Chinese

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