FRANKFURT, April 25 German chemicals maker BASF
said it would invest $500 million at its joint
venture with Malaysian state-owned oil and gas firm Petronas
to boost production of aroma ingredients.
The new facility in Kuantan, Malaysia, will start making
ingredients for citrus, rose and mint flavors for food and
consumer products from 2016, BASF said on Thursday.
The two companies in January scrapped plans to build a new
plant in Pengerang, Johor, Malaysia, but said at the time they
would remain committed to expanding their joint Kuantan
BASF has said it would seek to strike more joint venture
deals in Asia, where it aims to grow 8 percent per year through
(Reporting by Ludwig Burger)