BASF to explore untapped market potential in fast-growing region
Danang, Vietnam – March 6, 2017 – Effective today, Duy Thịnh Company Limited will be responsible for the distribution of BASF's construction chemicals solutions in central Vietnam. BASF will continue to serve current customers in the region directly.
Lê Doãn Trình, Head of Construction Chemicals, BASF Vietnam, said, "Duy Thịnh has a strong presence in Central Vietnam. Their extensive industry expertise and experience in the construction industry will definitely support us to serve this area better and faster. We are delighted with this new arrangement and look forward to working very closely with them."
With their head office located in Danang, Duy Thịnh Co. Ltd. is a leading trader in Central Vietnam, supplying transportation services and gasoline to distributors, and materials for construction projects. Duy Thịnh has supported notable construction projects including the Rồng Bridge, Trần Thị Lý Bridge, and the Danang Center Complex.
BASF's Construction Chemicals division has been present in Vietnam since 1996. The division operates two factories: one at Vietnam– Singapore Industrial Park, Bình Dương Province; another one at Văn Trung Industrial Zone, Bắc Giang Province. Products from BASF Master Builders Solutions have been applied in the country's landmark projects, such as Yaly Hydropower Plant, Phả Lại Thermal Power Plant, Dakrinh Hydropower Plant, Hua Na Hydropower Plant, Royal City Complex Buildings, Danang Administration Center, Vinhomes Landmark 81, Bãi Cháy Bridge, Nhật Tân Bridge, Tân Vũ – Lạch Huyện Bridge, Trần Thị Lý Bridge, Cần Thơ Bridge, Cổ Chiên Bridge, Phú Mỹ Bridge, Ring Road 3 Expressway, Quảng Ngãi – Danang Expressway, Bến Lức – Long Thành Expressway and many others.
More information is available at www.master-builders-solutions.basf.vn
About the Construction Chemicals division
BASF's Construction Chemicals division offers advanced chemical solutions under the global umbrella brand Master Builders Solutions for the construction, maintenance, repair and renovation of structures. The brand is built on more than 100 years of experience in the construction industry. Our comprehensive portfolio encompasses concrete admixtures, cement additives, chemical solutions for underground construction, waterproofing systems, sealants, concrete repair & protection systems, performance grouts, performance flooring systems, tile-fixing systems, expansion joints & control systems and wood protection solutions.
The Construction Chemicals division's approximately 6,000 employees form a global community of building experts. To solve our customers' specific construction challenges from conception through to completion of a project, we draw on our specialist know-how, regional expertise and the experience gained in countless constructions projects worldwide. We leverage global BASF technologies and our in-depth knowledge of local building needs to develop innovations that help make our customers more successful and drive sustainable construction.
The division operates production sites and sales offices in more than 60 countries and achieved sales of about €2.3 billion in 2016.
About BASF Vietnam
BASF has been active in Vietnam since the establishment of its representative office in 1994. BASF Vietnam Limited was set up in 2009 and the company operates two production sites for construction chemicals. BASF Vietnam also maintains three sales offices in Ho Chi Minh City, Hanoi and Danang. It provides a wide range of products, including plastics, petrochemicals, construction chemicals, fine chemicals, performance chemicals, paper chemicals, and crop protection. BASF sales to customers in Vietnam were approximately €245 million in 2016. BASF employed 142 people in Vietnam as of the end of 2016. Further information on BASF in Vietnam is available at www.basf.com/vn
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 114,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of more than €58 billion in 2016. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com