Friday, June 26, 2009

BASF shuts PS plant at Ludwigshafen as demand slides; European capacity curtailed by 15%

BASF has announced to shut one polystyrene plant at the Ludwigshafen site effective June 30, 2009 due to slide in demand. This will reduce BASF's annual production capacity for the standard plastic poolystyrene in Europe by 80,000 to 540,000 metric tons, a capacity reduction of about 15%.

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