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BASF to shut down Styropor plants in Malaysia and India

BASF will shut down the Styropor (EPS: expandable polystyrene) plants at Pasir Gudang, Malaysia and Thane, India, as the company tries to address the issue of high overcapacities and low margins in some regions.

A total of 60 and 55 employees work with EPS at Pasir Gudang and Thane, respectively and the combined annual EPS production capacity of the two plants is more than 100,000mt.

The company said it will work with employees affected by the shutdowns to find a proper transition plan.

BASF performance polymers division president Wolfgang Hapke said these measures are part of BASF’s global strategy to foster value-oriented growth and to ensure that it remains competitive in markets where it adds long-term value both to its customers’ businesses and to BASF.