Most Popular in:
BASF Reduces Production Worldwide
Posted: November 19, 2008
page 2 of 2
The adjustments are primarily being carried out in units that supply the automotive, construction and textile industries.
The shutdowns will be coordinated throughout BASF’s global production Verbund and will involve all six Verbund sites in Europe, Asia and North America, as well as other sites. Implementation of most of the measures has already started; reduced capacities are expected to last until January 2009 for individual plants. Should the period of weak demand continue and if all other flexible working time models have been exhausted, the company cannot rule out the need for short-time working at individual sites worldwide.
“We are realistic, but we are nevertheless confident when we look to the future,” said Hambrecht. “We have made BASF more resilient in the past years. The strength of our better balanced portfolio makes itself apparent in the current difficult situation. We are solidly financed, and we have the best team on board to navigate the route ahead successfully.”