BASF invests €280 million to expand its Innovation Campus Shanghai

BASF invests €280 million to expand its Innovation Campus Shanghai

Growing innovation capabilities will further accelerate co-creations with BASF’s customers in China and across Asia Pacific

  • By ICN Bureau | June 28, 2023

BASF is inaugurating the expansion of its Innovation Campus Shanghai, China, consisting of two new research and development (R&D) buildings today. The company has invested a total of €280 million since 2012 to its Innovation Campus Shanghai, thus enhancing its innovation capabilities and better support its customers in China and across Asia.

“Today, more than ever, our customers are looking for innovative solutions for a sustainable future. With the expansion of BASF’s Innovation Campus Shanghai, we can respond even faster to the growing needs and requirements of the markets in China and across Asia in particular. Innovation is a key driver for greater sustainability, growth and key to our success,” said Dr. Melanie Maas-Brunner, member of the Board of Executive Directors of BASF SE and Chief Technology Officer.

The Innovation Campus Shanghai, which opened in 2012, is BASF’s largest R&D site in Asia. It has completed two expansions in 2015 and 2019, enhancing its role as an innovation powerhouse for BASF and its partners in the region. Currently, around 10,000 BASF employees work in R&D worldwide, of which around 10 percent work in Greater China, including the Innovation Campus Shanghai.

“The expansion of BASF’s Innovation Campus Shanghai marks another milestone for our presence in Greater China, the world’s largest chemical market. With the continuous investments in research and development, we are committed to strengthening our local capabilities and co-creating with our customers in China, especially in fast-growing sectors, such as e-mobility, advanced manufacturing, and renewable energy,” said Dr. Jeffrey Lou, President and Chairman of BASF Greater China.

“We are continuously enhancing and further developing our R&D competencies in Asia to meet the evolving needs of our customers both in Asia and beyond. With our further investment in the Innovation Campus in Shanghai, we will drive the transformation of the chemical industry towards more sustainability and create innovative and sustainable solutions that benefit both industry and society,” said Dr. Detlef Kratz, President, Group Research, BASF.

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