Breaking News

BASF Responds To Market Softness

January 20, 2009

Automotives business particularly hard hit.

BASF’s global business declined significantly in December 2008. In all regions, demand for chemical products has not picked up in the first half of January and customers are continuing to destock and with no turnaround in sight, BASF has been reducing capacity utlization and flexible working time arrangements.

However, these flexible work arrangements are no longer sufficient to absorb the effects of production cuts at all BASF site, particularly those serving the automotives industry. In response,  short-time working will be introduced in February for approximately 1500 employees at BASF Coatings’ site in Münster, Germany and for 180 employees in Schwarzheide, Germany. Working hours have already been reduced for about 150 employees at two smaller coatings sites in Italy and BASF cannot rule out the introduction of short-time working at further sites.


  • Latin America: A Region in Flux

    Latin America: A Region in Flux

    Karen McIntyre, Editor||February 2, 2017
    Region looks to recover in 2017 but changes in U.S. trade policy could pose setbacks.

  • Needlepunch Nonwovens Report

    Needlepunch Nonwovens Report

    Tara Olivo, Associate Editor||February 2, 2017
    This versatile technology continues to replace fabrics typically used in automotives, filtration and more.

  • Personal Care  Wipes Market

    Personal Care Wipes Market

    Tara Olivo, Associate Editor||February 2, 2017
    Specialized wipes continue to emerge in this growing segment.