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BASF is to invest around Euro1.8 billion for its its Crop Protection division to build and upgrade production and formulation capacities between 2013 and 2017.

The plan, to meet expand the Crop Protection business, represents a doubling of annual investments in production plants for the division from around Euro150 million to over Euro300 million.

Amongst others, this figure covers plans to expand production capacities for the fungicides F500 and Xemium in Germany as well as for herbicides dicamba and Kixor, which are produced in the US. BASF is also planning to build new or expand existing formulation plants at several sites around the world, particularly in Asia.

“We have made great progress over the past years. We have demonstrated sustainable growth in our sales and earnings and are confident we will continue with this development,” said Markus Heldt, president of BASF’s Crop Protection division.

“This success stems from our commitment to providing innovations that address the importance of having sufficient and high quality food for a growing population. We continue to expand our portfolio, for and beyond crop protection products, to deliver integrated technologies that can help growers run their business more efficiently.”

BASF estimated the total peak sales potential for its crop protection pipeline – represented by products launched between 2010 and 2020 – at Euro1.7 billion – Euro500 million more compared to the previous year.

To reach its targets, BASF will maintain its commitment to investing around 9% of the Crop Protection division’s sales into R&D activities, targeted towards developing new active ingredients, formulations and solutions beyond crop protection.