27 March 2013 18:57 [Source: ICIS news]
LONDON (ICIS)--BASF is reorganising its water, oilfield and mining solutions activities into a new global business unit, cutting about 215 jobs worldwide, and it plans to divest a France-based industrial water business, the Germany-based chemicals major said on Wednesday.
The bulk of the job cuts will occur at BASF sites in Bradford and ?xml:namespace>
At the same time, BASF plans to divest its industrial water management services business in
Earlier this month, BASF already announced a restructuring and job cuts in its leather and textiles chemicals business.
BASF said that the latest move, to be effective from 1 April, would increase efficiency and support its growth strategies in water, oilfield and mining.
With the new global unit, to be located at its base in
“Significant investments are planned to upgrade the performance of existing production plants, create additional capacity, strengthen research and development (R&D) efforts and establish a new bio-acrylamide process for further cost optimisation,” the company said.
Nigel Davis contributed to this article
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