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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