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BASF dissolves paper chemicals unit

24/09/2014
BASF is closing the Swiss headquarters of its paper chemicals division and shedding 50 jobs as part of a streamlining exercise.

The wet-end chemicals and kaolin businesses will be integrated into the Performance arm - the division which houses leather chemicals. The paper dispersions business and the Center for Sustainable Paper Packaging will be integrated into the Dispersions & Pigments division.

“Integrating the paper chemicals business along existing value chains will allow BASF to optimally steer plant capacity and leverage the advantages of the BASF Verbund. This will strengthen our businesses and further increase the competitiveness of our Performance Products segment,” said Michael Heinz, head of the division.

BASF increased its sales by around 3% in 2013 to reach €74 billion, with earnings up 8% to €7.2 billion

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