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Home  > Markets & companies  > Raw materials market  > BASF reduces production worldwide

Friday, 20 September 2019
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Markets & companies, Raw materials market

BASF reduces production worldwide

Monday, 24 November 2008

BASF is taking measures to avoid the creation of overcapacities as a result of a massive decline in demand.

BASF is temporarily shutting down around 80 plants worldwide. In addition, BASF is reducing production at approximately 100 plants. Worldwide, approximately 20,000 employees will be affected by the production cuts. Flexible working time arrangements will be used wherever possible. The adjustments are primarily being carried out in units that supply the automotive, construction and textile industries. Value chains affected include ammonia, styrene and polyamide, which manufacture precursors for engineering plastics, coatings and fibers. Reduced capacities are expected to last until January 2009 for individual plants.

related links:

http://www.corporate.basf.com

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