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2005-10-12

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Polyurethane Chemicals Production Facility to Close in Texas

Seattle, WA, USA--(Jobwerx News)--Carrollton, Texas chemicals plant to be consolidated into other BASF polyurethane systems locations in the United States.

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BASF will close its polyurethane systems production facility in Carrollton, Texas, by mid-2006. Production currently based there will be consolidated into other BASF polyurethane systems locations in the U.S. Approximately 15 jobs will be affected.

"This action is necessary to improve our efficiency and cost competitiveness," said Bill Bernstein, Group Vice President of BASF's Polyurethanes business in North America. "We regret the impact this will have on our Carrollton employees, who have worked productively, safely and professionally. We are committed to providing the necessary support services to assist our employees during the transition."

Bernstein said this action is part of BASF's restructuring program in North America to reduce fixed costs through a broad range of projects designed to optimize business and site operations. He added that customers will experience no disruption of service during the transition process.

BASF's Carrollton facility is a "system house" that produces urethane-based chemical formulations used to produce a broad range of applications, such as spray-applied polyurethane foams for insulating buildings.

BASF, the world's leading chemical company, headquartered in New Jersey, is the North American affiliate of BASF AG, Ludwigshafen, Germany. Rated in FORTUNE magazine as America's Most Admired Chemical Company, and employs about 10,000 people in North America and had sales of approximately $11 billion in 2004.

Its portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. As a reliable partner to virtually all industries, BASF's intelligent solutions and high-value products help its customers to be more successful. BASF develops new technologies and uses them to open up additional market opportunities. It combines economic success with environmental protection and social responsibility, thus contributing to a better future. In 2004, BASF had approximately 82,000 employees and posted sales of more than $50 billion. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA), New York (BF) and Zurich (AN).



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