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Aug 21st, 2008                                Print this article

Plastics supply: BASF puts another styrenics business on the block

By Modern Plastics Editorial Staff

German plastics and chemicals supplier BASF (Leverkusen; www.basf.com) is continuing the previously reported divestment of its global styrenic business, offering up its styrenic copolymer production plants in Ludwigshafen and Schwarzheide, both Germany as well as the styrene copolymer global marketing, sales, and logistics activities. To facilitate the divestment, the company plans to reorganize its styrenics business into new subsidiaries in some cases. The new companies are expected to be established in January 2009. The new subsidiaries will independently run the global styrenics business.

BASF’s styrenic commodities and copolymers business includes about 1600 employees and had total sales of about euro 4 billion in 2007, with production sites located in Antwerp, Belgium; Ludwigshafen and Schwarzheide, Germany; Altamira, Mexico; São José dos Campos, Brazil; Dahej, India; and Ulsan, South Korea. BASF will concentrate its remaining styrenic plastics activities on its foams business for the construction and packaging industries as part of its Performance Polymers division.

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