in this issue
Chemical Week Magazine :: Newsbriefs
BASF Exits the Lysine Business...
12:07 PM MDT | July 26, 2007 | Chemical Week Editorial Staff
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?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee