BASF Unveils Its First Construction Chemicals Plant in Sri Lanka

Sri Lanka: BASF, a Germany based manufacturer of specialty chemicals, has recently opened its first construction chemicals production facility in the vicinity of Lindel Estate at Sapugaskande, Sri Lanka. The new facility would produce concrete admixtures such as MasterGlenium, MasterPolyheed, MasterRheobuild and MasterPozzolith. Establishment of this construction chemicals plant would help BASF to cater the growing demand for construction chemicals in the country. According to Himanshu Kapadia, BASF Asia-Pacific construction chemicals Vice President, the new admixture facility will meet demand for admixtures for all cement and aggregate types for construction projects located in Colombo and remote areas as well and contribute significantly to country’s GDP.

TechSci Research depicts that establishment of new construction chemicals production plant in Sri Lanka would address the burgeoning demand for high-performance admixtures in rapidly growing Asia-Pacific and Middle East and Africa construction chemicals markets.

According to the recent report published by TechSci Research “GCC Construction Chemicals Market By Type, By End User, Competition Forecast & Opportunities, 2011 – 2021”, construction chemicals market in the GCC region is projected to grow at a CAGR of over 7% during 2016 to 2021. Demand for construction chemicals, which are used in construction materials to speed up construction activities or improve durability of existing structures, is expected to grow because of rising investments in construction of residential complexes as well as commercial sector. Additionally, rising expenditure on infrastructure projects by the government is further aiding the region’s construction chemicals market. Some of the major companies operating in the GCC construction chemicals market include BASF, FOSROC, Sika, Dow Menat, Chryso Gulf and Saudi Basic Industries Corporation.