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BASF to restructure paper chemicals business, may exit alkyl ketene dimer

7:04 AM MST | January 23, 2014 | Natasha Alperowicz

BASF announced today that it is implementing a series of measures in its paper chemicals business to improve competitiveness and profitability. The company is the global leading producer of paper chemicals and the third largest supplier of process and functional chemicals. Paper chemicals sales in 2012 reached €1.56 billion ($2.1 billion). The company will shut down 120,000 m.t./year of latex capacity in Europe in response to decreasing market demand. Customers in Europe will continue to be supplied from three BASF plants based at...

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