Germany's BASF to build plastics plant in India

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New Delhi, May 6 (UNI) German chemical firm BASF today said it will build a new engineering plastics plant near Mumbai.

''Automotive is one of the BASF's most important target segments and our second-largest revenue source,'' company President (Business Development-Asia Pacific) Wolfgang Hapke said in a statement.

BASF is a leading chemical company, with operations in oil and gas, chemicals, plastics, performance products, agricultural products and fine chemicals.

The financial details were not provided.

Its Indian operations are run by BASF India Ltd and six other subsidiaries which are involved in making various specialty chemicals.

UNI SR BJR DB2005

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