In a bid to meet rising domestic demand, a fresh round of expansion is currently underway at Sinopec-BASF partnered BASF-YPC Co Ltd complex at a total outlay of US$1.4 bln.
The move conforms with China's stimulus plan for the petrochemical industry and will help better serve Chinese customers. Another key strategy BASF has used to face the financial crisis is to put a strong focus on targeted industries, such as the automotive and construction sectors.
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