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Germany

BASF to Reduce Polystyrene capacity in Europe by 15 %

Effective June 30, 2009, BASF will close one polystyrene plant at the Ludwigshafen site. This will reduce BASF’s annual production capacity for the standard plastic polystyrene in Europe by 80,000 to 540,000 metric tons, what comes up to a capacity reduction of about 15 percent.

The main reason for the shutdown is the decrease in demand for Polystyrene. The affected plant, which has been out of operation since mid-April, will be dismantled. Personnel working at this plant will transfer to other positions within the company. Polystyrene will continue to be produced by BASF in Ludwigshafen but it will serve primarily for the manufacture of the two BASF insulation products Styrodur® C and Neopor® (extrusion-based). In the future, orders for Polystyrene from European customers who had previously been supplied from Ludwigshafen will be filled mainly from the plant at BASF’s Verbund site in Antwerp, Belgium.