BASF to hire 5,000 in APAC region

The firm would also be investing €2 billion in the Asia Pacific, mainly aimed at doubling its sales, BASF said in a statement.

By 2020, it expects to increase its headcount in Asia Pacific by at least 5,000 from the present figure of about 15,000, and plans to generate 70 per cent of regional sales from local production.

Currently, BASF has 300 employees working in R&D at 15 sites in Asia Pacific.
It aims to grow on average two percentage points faster than Asia Pacific chemical market each year through 2020. With expected market growth of 4-5 per cent per year, this would double regional sales by 2020.