BASF Launches New Verbund Site in China with €5 Billion Sales Target
BASF has launched its new Zhanjiang Verbund site in Guangdong province ahead of schedule and under budget. The facility, the company's largest single investment globally and biggest by a German firm in China, is expected to generate between €4 billion and €5 billion in sales by 2030 with EBITDA projected at €1 billion to €1.2 billion.