NewsFlashGermany’s BASF exits India, Malaysia EPS ops by end-2012
18 September 2012 08:56 [Source: ICIS news]
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SINGAPORE (ICIS)--?xml:namespace>Germany’s BASF said on Tuesday it will permanently shut down expandable polystyrene (EPS) operations in India and Malaysia by the end of the year, while in South America, the company is preparing carve-outs and other strategic options for its EPS business.
The plants in Pasir Gudang Malaysia and Thane, India, have a combined EPS capacity of more than 100,000 tonnes/year, it said in a statement.
“In light of high overcapacities and low margins in some regions, BASF is focusing its global styropor (EPS) activities on strategic markets and core products with better profitability,” the company said.By: Pearl Bantillo +65 6780 4359
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