BASF: Divestment of Styrenic Activities
BASF SE is continuing the divestment process of its global styrenic business and extends the scope of the activities to be sold to the styrene copolymer business. This expansion includes styrenic copolymer production plants in Ludwigshafen and Schwarzheide, Germany as well as the styrene copolymer global marketing, sales and logistics activities.
Furthermore, BASF plans to reorganize the business into new subsidiaries as appropriate. The new subsidiaries will operate the global styrenics business independently. They will combine the commodities styrene monomers, polystyrene, styrene butadiene copolymer and acrylonitrile butadiene styrene as well as the styrene copolymers consisting of the Luran (SAN), Luran HH (AMSAN), Luran S (ASA), Terblend N (ABS/PA), Terluran HH (ABS-HH), Terlux (MABS) and Styroflex (SBS) brands. The new companies are expected to be established in January 2009.
The styrenic commodities and copolymers with around 1,600 employees had total sales of about EUR 4 billion in 2007.
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