RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Healthcare & Pharmaceutical Tools: Save | Print | E-mail | Most Read | Comment
BASF R&D centers launched in Shanghai
Adjust font size:

Germany's BASF strengthened its market presence in the personal care chemical sector - products related to daily life - in Asia by launching three development centers yesterday in Shanghai.

 

The centers focus on new applications development and offer high levels of local technical services in personal care, pharmaceutical and beverage industries to business customers, group vice president Christian Fischer said.

 

BASF invested more than one million euros (US$1.49 million) in the complex in Jinqiao, Pudong New Area, to bring the three centers under one roof, he told a press conference.

 

For every sector, Fischer cited robust local demand growth for its decision to set up the research facilities here.

 

They include the double-digit market growth rate for cosmetics in Asia, the 15-percent annual growth in China's pharmaceutical market which could be worth more than US$30 billion by 2010, as well as the 10-plus percent annual rise in the Chinese beverage industry.

 

BASF China Chairman Johnny Kwan added that the centers could help customers, for example cosmetic makers, win more market share by offering an extensive range of cosmetic polymers and solutions.

 

The pharmaceutical centers will also look at producing traditional Chinese medicines in the forms of capsules or tablets, a strategy seen as having huge market potential in China.

 

"I believe the care chemicals development centers will enable us to bring our products and system solutions faster to the market while creating additional potential," Fischer said.

 

(Shanghai Daily January 17, 2008)

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- BASF Sets out Billion Dollar Asian Plan
- German Firm Looks for Big Growth in Small Things
Most Viewed >>
-January CPI expected to rise 6.5%
-Lucrative Yuanmingyuan duplication scheme
-Lenovo to sell mobile unit for US$100m
-Tight monetary policy must not be eased
-Emergency coal shipped to power plants in S China

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号