In the course of the strategy implementation, BASF expects a reduction of a total of around 6,000 positions worldwide until the end of 2021.
PVC recycling project VinyLoop in Ferrara, Italy, which was started in 2002, ceases operations, according to a brief statement from the company dated 28 June 2018, said the company.
Belgian speciality chemicals company Solvay SA is launching a major restructuring which will see 600 job cuts and the relocation of its French operation into Lyon.
Styrolution intends to close its 80 kiloton polystyrene production site located in Trelleborg, Sweden.
BASF will shut down an annual capacity of latex of 120,000 metric tons and cut 250 jobs.
Efficiency improvements and targeted restructuring will bring annual savings of EUR 100 million from 2015.
More than 1,000 people to lose job in the European SABIC plants.