BASF, the German chemicals giant, plans to expand its vitamin capacity in Europe to cope with the growing global demand for these ingredients.
BASF intends to expand its plants in Ludwigshafen, Germany, for fat-soluble vitamins A and E, while also investing in a unit for the production of co-enzyme for the manufacture of vitamin B5 at the same plant. The company also propose to build a new vitamin B6 plant in Europe. BASF will also be boosting its vitamin operations in Asia.
The expansion of its vitamin capacity forms part of a €600m (US$530m) global investment program in vitamins. The move follows BASF’s acquisition of Japanese manufacturer Takeda’s vitamins business earlier this year.
BASF is hoping that the new plants will cater for demand in the vitamins industry that is growing at a minimum rate of 4% per year.