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BASF to Shut EPS Plants in India, Malaysia
7:39 AM MDT | September 18, 2012 | Deepti Ramesh
BASF says it will shut down its Styropor expandable polystyrene (EPS) plants at Pasir Gudang, Malaysia; and Thane, India, due to overcapacity and poor margins. Production will be stopped by the end of the year. The two plants have a combined EPS production capacity of over 100,000 m.t./year, and 60 and 55 employees work in the EPS plants at Pasir Gudang and Thane, respectively. BASF says it will work with employees affected by the shutdowns to find the right transition plan. “The closure of BASF’s Styropor plants in Malaysia and India has become...
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