Singapore, Jan. 24 -- German chemical giant BASF is investing $45 million to build a production plant that will create more jobs.
The new plant is part of the company's plan to expand its agricultural solutions business in Asia-Pacific, said Mr Gustavo Palerosi Carneiro, the head of BASF's agricultural solutions business in the region on Wednesday.
The plant, which is expected to be completed by September next year, will supply the company's patented crop protection products.
Around 7 million litres of the product will be produced a year once the facility is fully in operation. That amount is enough to cover 20 million ha of farmland.
The new facility will expand BASF's existing operations in Tuas by about 1,000 sq m to cover about ...