Company seeks opportunities with China-Pakistan Economic Corridor.
BASF needs to work with clients and their partners to take advantage of the China-Pakistan Economic Corridor, according to Vice President BASF Asia Pacific Jui Seng Tay, quoted in The International News. The company is reportedly assessing opportunities in the wake of Chinese-funded infrastructure developments.
According to the article, BASF is monitoring how foreign OEMs are impacting the chemical industry in Pakistan. BASF has reportedly had a presence in Pakistan for four decades with a production site in Karachi. Pakistan imports $5 billion in chemicals annually, according to conservative estimates cited by Faisal Akhtar, managing director at BASF Pakistan.
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