By Nathan Allen

BASF SE (BAS.XE) said Tuesday it will invest 15 million euros ($17.5 million) in increasing production capacity for aluminum-based effect pigments.

The company said it will expand production at its Ludwigshafen and Besigheim sites by about 30% in reponse to growing global demand for pigments, particularly in the area of automotive coatings.

Effect pigments are additives for paints and coatings that allow users to create different color and texture effects, BASF said.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

June 05, 2018 09:27 ET (13:27 GMT)

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