BASF evaluating strategic options for styrenics activities

BASF Aktiengesellschaft (Ludwigshafen) plans to evaluate strategic options for selected parts of its styrenics activities. BASF has received an initial offer for selected parts of its styrenics activities, and plans to start discussions with the interested party, concurrent with the evaluation process. BASF's activities under consideration include its styrene monomer (SM), polystyrene (PS), styrene butadiene copolymer (SBC) and acrylonitrile butadiene styrene (ABS) businesses with plants in Antwerp, Belgium; Altamira, Mexico; São José dos Campos, Brazil; Ulsan, South Korea; and Dahej, India. These activities posted sales of about €3.2 billion in 2006 and have approximately 1,000 employees. Efficiency optimization measures and fine-tuning of business models have helped BASF's earnings from styrenics activities improve considerably. Further repositioning steps are necessary to meet appropriate levels of profitability. BASF's remaining styrenics activities will focus on foams and specialties for the construction, automobile, packaging, sport and leisure industries.
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