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BASF EPS unit set for cuts and closures

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LUDWIGSHAFEN, GERMANY (Sept. 18, 8:30 a.m. ET) — Sliding margins and overcapacity in the EPS market has forced BASF SE into realigning its Styropor business, the company has revealed. This will include the closure of its EPS plants in Pasir Gudang, Malaysia and Thane, India.

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