BASF to close plant, stop producing some niche compounds
November 3, 2003
Dow Jones Business News reports that German chemical giant BASF said Friday that starting July 1, it will stop producing many of its polystyrene resin grades in Ludwigshafen, Germany as it withdraws about 100,000 metric tons of sales volume from the compounds market. In addition, the company said its Styrolux (SBS) plant will be mothballed in the last quarter of 2003. These measures are part of a strategy to concentrate styrenics production in high-efficiency worldscale plants, BASF said. BASF will no longer manufacture polystyrene compounds or niche products, which include ready-coloured resins and those with customized properties. BASF said it will offer its customers technical assistance in switching to alternative products. From the fourth quarter of 2003 a service package called Colorflexx will be available to processors to enable them to color polystyrene resin in-house.