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(09/24/2014 / sha)
+++ IMPORTANT +++
BASF: Reorganizing its paper chemicals business
BASF is changing the organizational set-up of its paper chemicals business: As of January 1, 2015, the Paper Chemicals division will be dissolved. The headquarters of the division in Basel, Switzerland will be closed by the end of 2014. Overall, there will be a reduction of about 50 positions globally.
The business will be continued in other divisions of the Performance Products segment as follows: The wet-end chemicals and kaolin businesses will be integrated into the Performance Chemicals division, supplementing the polyacrylamide value chain. A new global business unit “Paper Chemicals” will be established within the Performance Chemicals division. BASF is evaluating strategic options for its paper hydrous kaolin business.
The paper dispersions business and the Center for Sustainable Paper Packaging (CSPP) will be integrated into the division Dispersions & Pigments, supplementing the latex dispersions value chain.
However: BASF underlined its comittment to the paper chemicals industry. There would be no impact on supply security and service for the customers. Sales with paper chemicals were EUR 1.44 billion in 2013.
