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  • BASF plans to trim Asia operations
    Sun 20, 2016
  • BASF SE is prepared to further cut operations in Asia, with a goal of eliminating 250 million euros (US$280.66 million) in costs, as competition with local companies and a slowdown in demand hurt profits, board member Sanjeev Gandhi said.

    “We are restructuring and downsizing in mature Asia, where there is a need,” said Gandhi, who heads BASF operations in Asia.

    “It’s an ongoing, case-by-case activity. Whatever makes sense we keep; whatever isn’t competitive we divest or shut down,” he said.

     

    Read further,  

    http://www.taipeitimes.com/News/biz/archives/2016/09/25/2003655856