15 September 2009 16:40 [Source: ICIS news]
BASF signed an agreement to sell the (PS) business, including a 190,000 tonne/year PS production plant in ?xml:namespace>
BASF did not disclose financial details.
“Given the current economic environment, we are taking steps to improve the profitability of our core styrenics business and strengthen our business,” said BASF’s head of styrencis Joachim Streu.
Unigel chairman Henri Slezynger added the integration of BASF's PS business with its two styrene monomer plants would strengthen its balance sheet.
BASF have recently announced the closure of its 80,000 tonnes/year PS plant in
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