BASF Exits the Lysine Business...

BASF has decided to quit the lysine business less than 10 years after it entered the sector. BASF will close a 100,000-m.t./year lysine unit at Gunsan, Korea by mid-year with the loss of about 180 jobs. The company entered the lysine market in 1998, acquiring the Gunsan plant from Daesang (Seoul) for $600 million. The plant supplied about 20% of the global lysine market at that time. BASF says the closure reflects “rising raw material costs, overcapacities, and high dependency on exports.” The Gunsan operation “is no longer sustainable”...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers