BASF to invest over EUR200M to expand production capacity for dicamba, DMTA

theflyonthewall.com

BASF announced new investments and solutions that will help growers and partners in North America drive yields and efficiency. BASF will invest more than EUR200M, or $270M, to expand production capacity for key herbicides dicamba and DMTA at the Beaumont, Texas site as well as upgrade production at the Hannibal, Missouri site. With capacities expected to be on line in 2016/17, the expansions will serve to meet the growing demand for BASF's diverse herbicide portfolio, which features nine different modes of action and multi-year rotational plans in order to ensure effective, flexible and durable weed control. BASF is evaluating additional investments as part of its plan to spend approximately EUR1.8B between 2014 and 2018 to increase production of its crop protection products worldwide. The investments coincide with the planned launch of more than 20 different innovations for the agricultural industry from BASF's R&D pipeline in North America, highlighted by an advanced dicamba formulation, Engenia herbicide. Starting in 2015, Engenia will help growers to control resistant weeds in key row crops and also serve as a key component of dicamba/glyphosate tolerant cropping systems.

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