Case: FIBC Bulk bags with BASF

About BASF

The connection between BASF and the Greater China market can be traced back to 1885, and since then BASF has been a loyal partner in China.

BASF Group's approximately 112000 employees have contributed to the success of customers in almost every industry and country around the world. BASF's product portfolio consists of six parts: Chemicals, Materials, Industrial Solutions, Surface Treatment Technologies, Nutrition and Care, and Agricultural Solutions (see "Business Distribution" below).

As an important foreign-invested enterprise in China's chemical industry, BASF's main production bases are located in Shanghai, Nanjing, Chongqing, and Zhanjiang (under construction), and the Shanghai Innovation Park is BASF's research and development hub in the Asia Pacific region.

In 2023, BASF's sales to customers in Greater China amounted to approximately 9.4 billion euros, with 12115 employees as of the end of the year.

At present, BASF has 27 major wholly-owned subsidiaries, 11 major joint ventures, and 25 sales offices in Greater China. BASF's business in Greater China includes petrochemicals, intermediates, specialty materials, monomers, dispersions and resins, specialty chemicals, catalysts, coatings, care chemicals, nutrition and health, and agricultural solutions.

The above-mentioned chemical products are used in almost all fields of daily life, ranging from housing, automobiles, food, crops, medicine, textiles, sportswear, household goods, electronic devices to packaging, and so on. BASF has invested over 10 billion euros in Greater China to date (jointly investing over 13 billion euros with partners), establishing a competitive local production, marketing, sales, technical services, and innovation network.

Distribution of business cooperation between Taihua Group's container bags and BASF

The business cooperation scope between Taihua Container Bags and BASF Group is very broad, which can be divided into the following categories. The main businesses include:

Health and Nutritional Products:

Pharmaceuticals, fine chemicals, fertilizers, plant protection products, human nutrition, animal nutrition (feed mold inhibitors, feed vitamins, feed acidifiers).

Coatings and dyes:

Various dyes, pigments, coatings (home decoration coatings, heat reflective waterproof coatings, automotive coatings, etc.), processing aids, dispersions, paints, and printing systems.

chemical:

Basic chemicals (ethylene, propylene, acetylene, synthesis gas, ammonia, methanol, sulfuric acid, chlorine, caustic soda, etc.), industrial chemicals, intermediates.

Plastic and fiber:

Polyolefin, engineering plastics, styrene foam, polyurethane, fiber intermediates, synthetic fibers.

Oil and gas:

Exploration, production, and sales of crude oil and natural gas, petroleum refining, and sales of refined oil products.

Agriculture:

Crop protection, pest control, and ornamental plant landscapes.