Ludwigshafen, Germany – July 21, 2017 – By the end of 2017, BASF will concentrate the production of XPS boards (extruded polystyrene) at its Verbund site in Ludwigshafen, Germany, which will ensure the direct supply of raw materials, optimised logistics, and direct access to research and development facilities. In view of overcapacities and low margins, the company will discontinue the production of XPS at its Schwarzheide location in Germany in the fourth quarter of this year. There will be no compulsory redundancies.
“We are implementing this measure to make sure that we remain competitive in those markets in which we are able to generate added value for our customers and for BASF in the long term”, says Klaus Ries, Head of Global Business Management Styrenic Foams at BASF. “Going forward, the full XPS product range will be available from one location, thus substantially improving our service to customers. Thanks to its state-of-the-art facilities and following numerous debottlenecking measures, Ludwigshafen offers sufficient production capacity to guarantee profitable growth.”
The welding technology developed for use on insulation boards that is currently in operation at the BASF location in Schwarzheide will be transferred to Ludwigshafen and operated from this location. This contactless, thermal welding process not only enables the manufacture of particularly thick XPS boards (BASF trade name Styrodur®), but also paves the way for a variety of interesting material combinations for the insulation material solutions of the future.
Source: BASF
Craig Arnold is currently the Chief Commercial Officer at Ferroglobe PLC in Madrid, Spain. Prior to this appointment, he had a long-standing career at Dow Inc., where he held various senior management roles, including an Executive Secondment (from Dow Inc.) and Advisor to the CEO at the Alliance to End Plastic Waste (AEPW) in Singapore.
The transaction marks Ineos’ entrance into the US EO market. It is the second-largest EO maker in Europe, trailing BASF SE. The deal is expected to close in the second quarter of 2024 following completion of planned maintenance at the Bayport site, the companies said.
Röhm GmbH has named Hans Bohnen as CEO of Röhm GmbH replacing Michael Pack, effective Feb. 1, 2024. Pack will retire from the company, effective March 1, 2024. Bohnen joins from HyCC where he served as group CEO. Prior to that, he served 13 years with Clariant AG.