- Increase in total investments compared with 2012
- Intensified investments in emerging markets
Additions to property, plant and equipment by segment in 2013Enlarge image
Additions to property, plant and equipment by region in 2013Enlarge image
We invested €4,709 million in property, plant and equipment in 2013. Total investments therefore exceeded the previous year’s level by €731 million. Our investments in 2013 focused on the Oil & Gas, Chemicals, Performance Products and Functional Materials & Solutions segments.
In Ludwigshafen, we are building an integrated TDI facility with a capacity of 300,000 metric tons per year and expanding the plants for its associated precursors. Production is expected to start at the beginning of 2015. TDI is an important basic chemical product that is used in particular for soft polyurethane foams.
The construction of the new MDI plant in Chongqing, China, and acrylic acid and superabsorbent production complex in Camaçari, Brazil, as well as the expansion of our Verbund site in Nanjing, China, are progressing. With these major investments, we are expanding our presence in the growth regions Asia and South America.
To meet growing market demand, we invested in the expansion of production capacity for our F 500® fungicide at the Schwarzheide site as well as in the production of an important precursor for the new fungicide Xemium® in Ludwigshafen in 2013.
In the Oil & Gas segment, we invested primarily in field development projects in Norway and Russia in 2013.