27 March 2012 23:43 [Source: ICIS news]
LONDON (ICIS)--BASF plans to divest its production and logistics assets at ?xml:namespace>
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
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.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections