BASF Extends Force Majeure at Ludwigshafen Site
November 10 2017 - 4:01AM
Dow Jones News
By Nathan Allen
Germany's BASF SE (BAS.XE) said Friday that it is extending a
declaration of force majeure at its citral production plant in
Ludwigshafen, as the clean-up process from a fire is taking longer
than expected to complete.
BASF shut down the plant on October 31 and declared force
majeure on its citral and isoprenol-based aroma ingredients. The
chemical producer is now extending the declaration to include
vitamin A, vitamin E and several carotenoids, which are used in the
manufacture of pigments.
The company said the repair and restart of the plant will take
several weeks and it is currently evaluating the likely effects on
customers.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
November 10, 2017 03:46 ET (08:46 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
BASF (QX) (USOTC:BASFY)
Historical Stock Chart
From Mar 2024 to Apr 2024
BASF (QX) (USOTC:BASFY)
Historical Stock Chart
From Apr 2023 to Apr 2024