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Markets :: Engineering Plastics :: Nylon

BASF to Shutter 80 Plants as Demand Shrinks

5:57 AM MST | November 19, 2008 | Natasha Alperowicz

BASF will shut 80 plants worldwide and reduce production at approximately 100 others as it responds a "massive decline in demand in key industries." The moves account for 20%-25% of the company's overall capacity. The company also says that 2008 earnings will fall short of 2007 results...

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