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Basf Significantly Reduces Investments - Conversations for Site Security at the Parent Plant
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LUDWIGSHAFEN. BASF, the world's largest chemical company, is massively throttling its investments. The growth market in China is also affected. Expenditure in the new compound site in Zhanjiang in southern China will be EUR 8.7 billion, announced CEO Markus Kamieth in Ludwigshafen. This is EUR 1.3 billion less than originally calculated. As of the end of the year, the [...]
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