IHS Chemical Week

Markets :: Plastics :: Polystyrene

BASF to Cut Polystyrene Production by 25% in Europe

11:46 AM MDT | September 26, 2008 | Alex Scott

BASF says it will slash production of polystyrene (PS) in Europe by 25% from October 1. “The reason for this step is the diminished demand for the standard plastic PS, a development that can be ascribed to the current economic downturn,” BASF says. BASF has 620,000 m.t./year of PS capacity in Europe. The company tells CW that it was not running its European PS plants at full capacity even before the announced production cut. “The market for PS has shrunk in almost all customer sectors this year,” says Jaroslaw Michniuk, head of...

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