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BASF to Quit Styrenics in Korea?

1:41 PM MDT | February 21, 2007 | Natasha Alperowicz in Seoul

BASF is considering quitting the styrenics business in Korea, local sources say. The company is a major producer of polystyrene (PS), expandable polystyrene (EPS), and acrylonitrile butadiene styrene (ABS) in Korea, where it has combined capacity for 580,000 m.t./year. All of the plants are at Ulsan. BASF has not officially put its Korean styrenics business up for sale, but it would “consider any serious offer,” one source says. BASF declined to comment, saying that it does not discuss publicly activities in individual countries. Styrenics is a core...

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