BASF India To Shut Down Thane Output
28 November 2006 BASF spokespeople said the company is discontinuing production of some agrochemical products due to rationalization measures, though the plant will continue to operate for products such as expandable polystyrene, dispersions, leather chemicals, and auxiliaries and textile chemicals.
“The agrochemicals market in India is highly competitive,” said BASF India chairman Prasad Chandran. “The need of the day is new chemistry, which is affordable.” The company said it will continue to supply its high quality brands through toll manufacturing. “Access to international manufacturing sites in Asia Pacific also serves as a good backup,” BASF India said.
BASF, parent company to BASF India, recently said that the Thane unit would be an ideal location for BASF’s Asia Technical Centre for Textiles.
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