BASF begins joint venture with Plug and Play to accelerate digital innovation in China

By Sean Galea-Pace
Share
The Germany-based chemical company, BASF, has teamed up with Plug and Play in a bid to increase digital innovation in China, Plastics Insight reports...

The Germany-based chemical company, BASF, has teamed up with Plug and Play in a bid to increase digital innovation in China, Plastics Insight reports.

Through the joint venture, BASF will hold direct access to leading start-ups active in disruptive technologies, including big data analytics, the blockchain, artificial intelligence and smart sensors.

“Our goal is to bring our experts together with digital pioneers to develop new digital products and services that offer additional value to our customers,” said Stefan Beck, Senior Vice President of Global Process/Enterprise Architecture and Chief Information Officer at BASF. “China is a very promising market with entrepreneurial spirit and many innovative ideas.”

See more:

“We are proud to extend our collaboration and work with Chinese start-ups on ground-breaking technology, while offering them insight into real-world product application in the chemical industry and resources to help them scale up their technology.”

The chemical giants have been working on new technologies in the areas of supply chain, transparency, automation and traceability of Plug and Play’s Startup Autonahn in Stuttgart since February 2017, as well as its supply chain and logistics vertical in Silicon Valley.

“In line with BASF’s overall supply chain strategy, innovation and digital solutions will drive our business performance across the entire supply chain,” said Ralf Busche, Senior Vice President, Global Supply Chain Strategy & Performance at BASF. “The innovation power of start-ups will play an important role in maintaining our leading position in the chemical industry.”

Share

Featured Articles

Tata & JLR: Supercharging Next Gen Automotive Connectivity

With the Tata Communications MOVE platform, JLR is ensuring electric fleet connectivity, driving the future of software-defined automotive manufacturing

FUJIFILM Diosynth Biotechnologies Expands in Denmark

The life science company FUJIFILM Diosynth Biotechnologies is investing in its Hillerød site to drive the development & advancement of Danish life science

Reviewing Trump's First Term to Prepare for the Second

With Donald Trump returning to the White House, we reflect on the impact of the manufacturing policies, rules and tariffs imposed during his first term

Amazon Delivers One Billion Packages via Electric Vehicle

Sustainability & ESG

Rolls-Royce Invests Millions to Expand Goodwood Facility

Production & Operations

Manufacturing Unwrapped: Manufacturing Leader Jeff Winter

Digital Factory