New BASF polymers plant in Wyandotte

23-Jul-07
A new BASF Corporation facility has commenced construction in Wyandotte to house the R&D, administrative and manufacturing operations of recently acquired Johnson Polymer. BASF is investing up to US$147 million to relocate the operations from Wisconsin to Michigan, in line with the company's competitive, pro-business environment. BASF selected Wyandotte over competing sites in Tennessee and Texas for its relocation plan on account of assistance offered through the Michigan Economic Development Corporation in October 2006. MEDC's package includes a state employment credit valued at nearly US$6.5 million over 10 years, and a state brownfield tax credit worth up to US$15 million that will help BASF decontaminate and prepare the property for construction of the new facility. An economic analysis conducted by the MEDC estimates that increased economic activity created by the expansion will result in an additional 473 indirect Michigan jobs, in addition to the 175 created directly by the company. The project is expected to generate more than US$497 million in personal income for Michigan workers over the life of the tax credit.
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