BASF is implementing a series of measures in its paper chemicals business to further strengthen the competitiveness of its Performance Products segment. In response to decreasing market demand BASF is adjusting capacities in its European latex manufacturing network and will shut down an annual capacity of 120,000 metric tons in Europe. Customers in Europe will continue to be supplied from three BASF plants in Ludwigshafen, Germany, Pischelsdorf, Austria and Hamina, Finland.

In addition, BASF will further optimize its paper chemicals portfolio by evaluating strategic options for its alkyl ketene dimer (AKD) business in Europe and North America. At the same time, BASF will adjust marketing, sales and administrative functions in its paper chemical business to better reflect regional market dynamics. At the same time, BASF will adjust marketing, sales and administrative functions in its paper chemical business to better reflect regional market dynamics.

While optimizing efficiency in its traditional paper chemicals business, BASF will continue to expand its newly established Center for Sustainable Paper Packaging.