BASF to divest production assets at Schaffhausen, Switzerland

27 March 2012 23:43  [Source: ICIS news]

LONDON (ICIS)--BASF plans to divest its production and logistics assets at Schaffhausen, Switzerland, including its CONICA sports surfaces business, the German chemicals major said on Tuesday.

BASF employs a staff of 150 in Schaffhausen.

Schaffhaussen-based CONICA develops and produces synthetic sports surfaces. BASF acquired the business in 2006 when it bought the construction chemicals business of Evonik, which at the time was named Degussa.

BASF said while CONICA had a strong position in Europe, the main growth markets for sports surfaces were outside Europe.

In addition to sports surfaces, BASF produces industrial flooring systems, sealants and polyurethane (PU) specialty products at Schaffhausen, and it operates logistic services there.

BASF said it aims to shift the non-CONICA business to another production site. It did not disclose the location of that site.

Earlier this month, BASF announced that it plans to cut 40 jobs at its plastics additives business in Basel, Switzerland.

A number of chemicals and pharmaceuticals firms have implemented or are planning job cuts in Switzerland, partly because of the strong Swiss franc, which gained in value in the wake of the eurozone debt crisis.

By: Stefan Baumgarten
+1 713 525 2653

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