BEIJING, Oct 1(ABC): For Jeffrey Lou, president and chairman of BASF Greater China, the inauguration early this month of the first plants of BASF’s Verbund site in China, its largest overseas investment to date, was a hugely exciting moment.
“With a total investment of 10 billion euros (about 9.8 billion U.S. dollars), the Zhanjiang Verbund site will be BASF’s third-largest Verbund site globally upon completion,” Lou said. The project in Zhanjiang City, south China’s Guangdong Province, represents a new paradigm for China’s high-level opening-up and improved business environment, according to Lou.