BASF is closing three plants in Ludwigshafen, affecting 180 employees, as part of its restructuring to remain competitive amid changing market conditions, particularly influenced by low prices from China's chemical market. Meanwhile, the Koniambo Nickel SAS plant in New Caledonia ceases operations due to a lack of buyers and significant debts, impacting over 1,200 employees, with hopes for future revival amid ongoing negotiations for potential buyers.
Business
Germany / New Caledonia / China
BASF and Koniambo Nickel: Two Major Plant Closures Signal Industry Challenges
2024-09-01T06:40:36.336Z
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BASF's closure of three plants in Ludwigshafen and the halt of operations at Koniambo Nickel in New Caledonia highlight significant challenges in the chemical and nickel industries, driven by market pressures and economic conditions. Discover the implications for employees and the future of these critical sites.
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