SOURCE: Industrial Info Resources

November 21, 2008 08:00 ET

BASF Joins List of Chemical Companies Planning Global Capacity Reductions, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 21, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The chemical industry is beginning to respond to a slowing global economy that looks like it will remain slow well into next year. BASF SE (OTC:BASFY) (Ludwigshafen, Germany) this week announced intentions to temporarily close up to 80 plants around the world and reduce production at many more. Industrial Info has identified over $1 billion of planned grassroot construction by BASF, most of which is certain to be delayed or postponed.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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