BASF adds styrenics to sell-off package
Resin supplier BASF is adding styrenic copolymer business to the divestment process announced for a large part of i...
Resin supplier BASF is adding styrenic copolymer business to the divestment process announced for a large part of its styrenics portfolio.
“The scope of the activities to be sold will be expanded to include 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,” the company said in a press release.
The German group is also reorganizing the structure of its worldwide styrenics business, creating new subsidiaries so that they can be run independently of one another. The new companies are expected to be established in January 2009.
BASF announced in July 2007 that it was putting up for sale bulk of its styrenics business, including its polystyrene and ABS operations.
The sale will leave BASF with remaining styrenic plastics activities centred on its foams business for the construction and packaging industries as part of the Performance Polymers division.
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