Firm will cut 650 jobs, close UK plant and expand in China and Korea
Chemicals giant BASF will cut 650 jobs globally over the next four years in an effort to streamline its pigments manufacturing business. The firm will close its plant in Paisley, UK; restructure its operations in Huningue, France; and is considering options for a site in Maastricht, the Netherlands.
Production will move to existing sites in Nanjing, China, and Ulsan, South Korea. These plants will be expanded as the company invests €250 million (£213 million) in its global production network for pigments.