BASF has partnered with Guangdong Yinfan Chemistry, to produce automotive refinish coatings and paints in China.
Under the partnership, the companies will use BASF's formulas and technologies to produce automotive refinish coatings at Yinfan's new production plant in Guangdong Province.
Yinfan chairman Qingtao Zhang said: "With our significant investment in advanced production systems, our new manufacturing facility strictly adheres to national construction and occupational safety standards, as well as environmental protection requirements."
The products produced will be intended for the non-premium automotive segment.
BASFAsia Pacific coatings solutions senior vice-president Peter Fischer said: "Establishing a reliable, regional manufacturing footprint for automotive refinish coatings is important for fulfilling the growing market demands.
"Partnering with Yinfan supports BASF's ambitious plan in this fast-growing market."
Through its coatings division, BASF offers automotive coatings, refinishes, industrial coatings and decorative paints. The unit recorded revenues of €3bn last year.
