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Wednesday, 18 September 2019
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Markets & companies, Raw materials market

Production network for pigments: BASF announces job cuts and investments

Thursday, 24 October 2013

Approximately 650 positions globally will be reduced by 2017. At the same time, the company will invest EUR 250 million in the next four years in its production network as well as in research and development.

BASF will optimize its global production network for pigments. Restructuring and job cuts will mainly take place in Europe, investments are focused on the market in Asia. Source: BASF SE
BASF will optimize its global production network for pigments. Restructuring and job cuts will mainly take place in Europe, investments are focused...

BASF will optimize its global production network for pigments. Approximately 650 positions globally will be reduced by 2017. At the same time, the company will invest EUR 250 million in the next four years in its production network as well as in research and development. The major measures include the closure of the Paisley plant in Scotland and the restructuring of the Huningue plant in France. In addition, the pigment producer is examining strategic options for the site in Maastricht, the Netherlands. The planned investments in the production network will further strengthen the production footprint in Asia Pacific, the fastest-growing market. This also includes the start-up and expansion of a plant for high-performance pigments at BASF’s wholly-owned production site in Nanjing , China, and the expansion of the pigments plant in Ulsan, Korea.

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