BASF: Evaluation of Styrenics Activities
BASF AG, Ludwigshafen, Germany, is evaluating strategic options for selected parts of its styrenics activities. Meanwhile, BASF has already received an initial offer for those parts and plans to start discussions with the interested party.
BASF’s activities under consideration include the styrene monomer (SM), polystyrene (PS), styrene butadiene copolymer (SBC) and acrylonitrile butadiene styrene (ABS) businesses with plants in Antwerp, Belgium; Altamira, Mexico; Sao Jose dos Campos, Brazil; Ulsan, South Korea; and Dahej, India. These activities posted sales of about EUR 3.2 billion in 2006 and have approximately 1,000 employees.
BASF’s remaining styrenics activities will in the future focus on foams and specialties for the construction, automobile, packaging, sport and leisure industries.
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