Free press releases distribution network?

Agency / Source: BASF

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



BASF Increases Competitiveness of its Performance Products Segment through Restructuring in its Paper Chemicals Business - BASF is implementing a series of measures in its paper chemicals business to further strengthen the competitiveness of its Performance Products segment - BASF.com
BASF Increases Competitiveness of its Performance Products Segment through Restructuring in its Paper Chemicals Business

 

PRZOOM - /newswire/ - Ludwigshafen, Germany, 2014/01/23 - BASF is implementing a series of measures in its paper chemicals business to further strengthen the competitiveness of its Performance Products segment - BASF.com. DE000BASF111

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Adjustment of capacities in its European latex manufacturing network and ongoing portfolio optimization;
• Reduction of 250 positions globally by end of 2015;
• Expansion of Center for Sustainable Paper Packaging.

In response to decreasing market demand BASF is adjusting capacities in its European latex manufacturing network and will shut down an annual capacity of 120,000 metric tons in Europe. Customers in Europe will continue to be supplied from three BASF plants in Ludwigshafen, Germany, Pischelsdorf, Austria and Hamina, Finland. In addition, BASF will further optimize its paper chemicals portfolio by evaluating strategic options for its alkyl ketene dimer (AKD) business in Europe and North America.

At the same time, BASF will adjust marketing, sales and administrative functions in its paper chemicals business to better reflect regional market dynamics. With a global strategic marketing and innovation team BASF will strengthen its customer-oriented product and solutions development and support a faster roll out of new products to help customers improve the efficiency of paper machines and lower their total cost of operations.

Due to the planned measures approximately 250 positions in production, marketing, sales and administration will be reduced by end of 2015. Consultations with the responsible employee representatives will be conducted.

While optimizing efficiency in its traditional paper chemicals business, BASF will continue to expand its newly established Center for Sustainable Paper Packaging. “We aim to grow our new business line of sustainable solutions for packaging manufacturers. In this area, licensing of intellectual property, development partnerships and smaller acquisitions are possible,” said Dr. Uwe Liebelt, President of the Paper Chemicals division. Recently, BASF signed an agreement with the French company BT3 technologies S.A.S. to evaluate the joint development of an alternative to wax in corrugated packaging board in order to facilitate recycling.

“Altogether these measures will position the paper chemicals business to be more responsive to market and customer needs while showing significantly improved profitability. These steps reinforce BASF’s commitment to the paper industry,” continued Liebelt.

BASF continues to analyze further measures to improve the competitiveness of the Performance Products segment.

About BASF
BASF (basf.com) is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

Contact: Andrea Hördt, Trade media
P: +41 61 63-60644 - E: andrea.hoerdt[.]basf.com

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: BASF

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


BASF Increases Competitiveness of its Performance Products Segment through Restructuring in its Paper Chemicals Business

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
BASF |
Contact: Thomas Nonnast - BASF.com 
+49 30 206 295 034 thomas.nonnast[.]basf.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From BASF / Company Profile


Read Manufacturing/Robotics Most Recent Related Press Releases:

Borealis to Build Dedicated Automotive Compounding Plant in North America
GE’s Tatabanya, Hungary, Manufacturing Facility Expands Production of ISO-Accredited Reference Materials
Oscilloquartz Unveils Synchronization Solution to Enable the Small Cell Era
Borealis Heightens Solar Engagement with ISOVOLTAIC
PPG, Vision Systems to Develop Aircraft Window Shading Applications
LANXESS Increases the Capacity of its Emerald Innovation 3000 Flame Retardant Production Unit
Infineon Launches 'Productive4.0' Research Project in Dresden
Hexagon Manufacturing Intelligence Launches New Rotary Tables for Optiv Performance 663/664
Atlas Copco Opens U.S. Manufacturing Plant
Ensemble SmartWAN Wins Light Reading Award for Most Innovative NFV Product Strategy

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  Deb Sheppard - Medium Psychic Author Speaker

Visit  Explorers Vacation Club







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today