Shanghai, China News, October 13, BASF (BASF) announced in early 2010 in Shanghai, a new polyurethane elastomer Cellasto production plant, annual production is expected to meet the needs of five million vehicles. Shanghai has become following the Nansha and Japan Toyohashi (Shinshiro), the BASF production in Asia, to develop automotive polyurethane cushion block third base.

The arrival of the financial crisis, the whole national economy is mired in a state of contraction, specific to the automotive industry, we see more of a decline in vehicle sales, profits decline, OEMs also complain incessantly. But the auto parts industry survive the financial crisis of the state, but few people concerned. The living environment is not particularly optimistic about the brands of parts enterprises in the financial crisis, the survival more difficult.

David Sharp, according to new thinking management consulting firm, data analysis, by the financial crisis, from June 2008, the National Automotive Parts and Accessories output started all the way down from the pinnacle of the year (June) 4.134 billion yuan the output dropped to 2.241 billion yuan in October, with a total drop of 45.79%, ring than the average decline to 11.45%.