BASF wants to close production site in Leuna – shares more firmly | 01/13/21

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The chemical company BASF plans to close its production site in Leuna by April 30, 2022.

This means that the production of special plastic granules will in future be concentrated at three locations in Germany, as the company announced on Tuesday. Around 100 employees are affected by the planned closure. Production is to take place in the remaining BASF plants in Ludwigshafen (Rhineland-Palatinate), Schwarzheide (Brandenburg) and Rudolstadt (Thuringia). The granulate is used, for example, in the automotive industry.

BASF announced that it would immediately start negotiations with the works council in Leuna on the planned site closure. It is about a balance of interests and a social plan to alleviate the economic disadvantages of the workers concerned, it says in the communication.

Leuna is closely linked to the history of BASF. On their behalf, the industrial site was founded in 1916 as the Merseburg ammonia plant, as a spokesman for Infraleuna GmbH said. Today a good 10,000 people work in 100 companies at the Leuna location. The infrastructure company markets the 1,300-hectare industrial site that was created after 1990 as part of the structural change in East German chemistry.

By the end of trading, BASF shares had gained 0.19 percent to EUR 68.03 via XETRA.

/pb/DP/fba

LUDWIGSHAFEN / LEUNA (dpa-AFX)





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https://www.finanzen.at/nachrichten/aktien/basf-will-produktionsstandort-in-leuna-schliessen-aktie-fester-1029960998

BASF close production site Leuna shares firmly

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