All entries in the Chemicals sector, newest first. tag:eurotrack.ai,2026:en:en/sectors/chemicals 2026-10-23T06:00:00Z Eurotrack tag:eurotrack.ai,2026:ebd37b59:en 2026-10-23T06:00:00Z

After about 18 months of construction, the Westfalen Group has completed a new plant for high-purity propane as refrigerant R-290 at its Münster-Gelmer site and officially put it into operation. The product is mainly needed for heat pumps; the company describes the investment only as a low double-digit million euro sum and gives no job figures (Westfalen Group via Presseportal, 23 Oct 2026). — Source: https://www.presseportal.de/pm/75577/6376950

tag:eurotrack.ai,2026:a1245b2e:en 2026-10-15T06:00:00Z

Covestro plans to cut polycarbonate production at its Antwerp site from four lines to one and to end local bisphenol A production. Up to 260 of the roughly 970 employees could be affected; the company cites high costs, weak demand and Asian overcapacity, and the remaining line is to focus on specialty grades. This is a proposed reorganisation (industrielinqs, 15 Oct 2026). — Source: https://www.industrielinqs.nl/chemie/2026/10/covestro-sluit-drie-van-vier-polycarbonaatlijnen-in-antwerpen-en-staakt-bpa-productie/

tag:eurotrack.ai,2026:3c445b4e:en 2026-09-25T06:00:00Z

Single-source report: according to the Financial Times, citing insiders, BASF has put a takeover proposal to Evonik and its largest shareholder, the RAG Foundation, and is talking to banks about a possible deal. A person familiar with the matter told Reuters that Evonik had not received a takeover offer; BASF, Evonik and the RAG Foundation did not initially comment. The RAG Foundation holds around 43% of Evonik and intends to reduce its stake to 25.1% over time (Reuters via onvista, 25 September 2026, citing the Financial Times). Update (25.09.2026): In an ad hoc release that afternoon, the RAG Foundation confirmed that BASF had approached it about a possible voluntary public takeover offer for Evonik; the foundation holds around 43.8% of Evonik's shares. No formal offer has been made (EQS/finanznachrichten.de, 25.09.2026). Update (28.09.2026): According to Reuters and the Financial Times, Evonik's management rejected BASF's approach – reportedly about €22.15 per share, or roughly €10.3bn – as too low and allowed neither due diligence nor formal talks; the companies have not confirmed the figures. BASF is reported to be sticking to its plans (reports; Industriemagazin, 02.10.2026; Kapitalmarktexperten, 29.09.2026). Update (9 Oct 2026): The board of trustees of RAG-Stiftung was briefed online on BASF's interest; the content and outcome are confidential. According to Evonik, no talks are currently taking place (dpa-AFX / BÖRSE ONLINE, 9 Oct 2026). Update (23 Oct 2026): According to Bloomberg, cited by Börsen-Zeitung, BASF has put an increased indicative price of €24 per share to Evonik (about €11.2bn in total, a premium of almost 39% on the pre-leak price); Evonik and BASF decline to comment, and Evonik has set up a parity-staffed special committee of its supervisory board. Reported only, no formal offer (Börsen-Zeitung, 23 Oct 2026). Update (27 October 2026): According to a Reuters report, BASF has raised its offer to about €11.2bn; there is no official confirmation (MS Aktuell, 27 October 2026). — Sources: https://www.onvista.de/news/2026/09-25-ft-basf-arbeitet-an-uebernahme-evoniks-0-20-26557514 · https://industriemagazin.at/chemie/basf-evonik-uebernahme-kamieth-chemieindustrie/ · https://www.kapitalmarktexperten.de/evonik-aktie-abweisung-von-basf-angebot-bestaetigt/ · https://www.boerse-online.de/dpa-afx/rag-stiftung-beraet-ueber-basf-uebernahmeplaene-fuer-evonik-557285.html · https://www.boersen-zeitung.de/unternehmen-branchen/basf-geht-offenbar-mit-hoeherem-angebot-auf-evonik-zu · https://ms-aktuell.de/welt/basf-evonik-27-10-2026/

tag:eurotrack.ai,2026:52156cd7:en 2026-09-22T06:00:00Z

Ineos is placing its three acetyls units at the Saltend site in Hull – according to the group the last world-scale plants of their kind in Europe – into standby until further notice; two units had already stopped production and the third was due to follow a few days later. Ineos blames gas prices it says are twelve times as high as in the US; in Hull gas serves both as an energy source and as a feedstock. According to Ineos, the plants support almost 4,000 skilled jobs in the Humberside region; the company did not give a number of directly affected employees (Ineos press release, 22.09.2026; second source: The Manufacturer, 23.09.2026). Update (20 October 2026): According to The Chemical Engineer, 245 employees at the Saltend site are directly affected and up to 755 more indirectly; there is no statement on a restart, permanent closure or redundancies (The Chemical Engineer, 23 Sep 2026). — Sources: https://www.ineos.com/news/shared-news/ineos-idles-europes-last-world-scale-acetyls-plant-as-energy-prices-hit-12-times-us-level/ · https://www.thechemicalengineer.com/news/humberside-engineers-distressed-as-ineos-suspends-uk-acetyl-production-over-high-gas-prices/

tag:eurotrack.ai,2026:77b1c543:en 2026-09-01T06:00:00Z

US agrochemical group FMC announced on 1 Sept 2026 that it will close production at its Danish pesticide plant in Rønland (formerly Cheminova) by the end of 2026, affecting around 400 employees. FMC cites global production optimisation following cumulative losses of DKK 1.2bn in 2025 and DKK 3bn over three years (source: TV2, 1 Sept 2026). — Source: https://nyheder.tv2.dk/live/samfund/2026-09-01-cheminova-lukker

tag:eurotrack.ai,2026:345db966:en 2026-08-28T06:00:00Z

Plastics processor Gaggio Tech, in the Apennines near Bologna, sent dismissal letters to all 79 employees starting 28 August 2026; the layoffs took effect on 1 September 2026 and amount to a full plant closure. The workforce is mostly women over 50; the majority shareholder had already filed for voluntary liquidation in early 2025, after the company had been rescued from an earlier crisis in 2022 (economiaeterritorio.it, 28 Aug 2026). — Source: https://www.economiaeterritorio.it/2026/08/28/partono-i-licenziamenti-alla-gaggio-tech/

tag:eurotrack.ai,2026:35d4d817:en 2026-07-30T06:00:00Z

Swedish structural-foam maker Diab (core materials for wind-turbine blades, boat hulls and aircraft parts) is shutting its plant in Šiauliai, Lithuania, and letting go 75 of its 76 employees; the company has operated there for more than two decades and moved into new premises in 2019, built with an EUR 8m investment. Terminations are to take effect between 31 December 2026 and the end of March 2027, and the Lithuanian Employment Service was notified on 13 July 2026. The company cites the elimination of work functions in a reorganisation; 2025 revenue fell 10.7% to EUR 10.8m with a net loss of EUR 1.7m (2024: EUR 1.6m profit). — Source: https://www.lrt.lt/naujienos/verslas/4/3006221/2-desimtmecius-siauliuose-veikianti-diab-ruosiasi-nutraukti-veikla-atleisti-darbuotojus

tag:eurotrack.ai,2026:eb222712:en 2026-07-29T06:00:00Z

Belgian chemicals group Solvay announced on 29 July 2026, alongside its half-year results, additional strategic investments of €15–20 m to expand the separation capacity of its French plant in La Rochelle. The company describes the site as one of the largest rare-earth separation facilities outside China. While around €10 m had previously gone into producing light rare earths, the new tranche targets the more demanding production of heavy rare earths. It follows a letter of intent announced in early June with Australian company Viridis Mining and Minerals to secure rare-earth supplies from Brazil from 2028. The report gives no figure for new jobs. — Source: https://www.boursorama.com/bourse/actualites/le-chimiste-belge-solvay-annonce-un-nouvel-investissement-dans-les-terres-rares-a-la-rochelle-483c1b364fe1ba5cb5bacee5a53202ae

tag:eurotrack.ai,2026:d96ada6c:en 2026-07-28T06:00:00Z

US chemical distributor Univar Solutions has acquired Barcelona-based distributor Interpur Chemicals, expanding its polyurethanes and powder coatings business across Europe, the Middle East and Africa. Interpur was created in 2020 as a spin-off from Pure Chemicals Ibérica and says it sells into 18 European and 25 countries worldwide. 18 employees transfer to Univar Solutions; no price was disclosed. — Source: https://www.globenewswire.com/news-release/2026/07/28/3334028/0/en/Univar-Solutions-Acquires-Interpur-Chemicals-Expanding-Access-to-Polyurethanes-and-Powder-Coatings-in-EMEA.html

tag:eurotrack.ai,2026:86862c71:en 2026-07-27T06:00:00Z

Lenzing AG will phase out fibre production at its Heiligenkreuz site in Burgenland by the end of 2026 and then seek to sell the site; 285 employees are affected and covered by an existing redundancy agreement. The move is part of the 'Grow Nonwovens, Reset Textiles' programme presented on 27 July 2026, which concentrates fibre production on selected core sites. Group-wide headcount is to fall by around 2,000 by the end of 2027 from about 8,100 employees (7,700 full-time equivalents at the end of 2025); the plan is flanked by a capital increase of up to €300m and new credit facilities of up to €300m. Second source: ORF Burgenland. UPDATE (3 August 2026): Lenzing convened an extraordinary general meeting for 25 August 2026 to decide on the capital increase of up to €300m — part of a financing package totalling around €600m. Update (21 October 2026): Lenzing has completed its capital increase: 99% of the roughly 34.4 million new shares at €8.65 were taken up through subscription rights and the consortium banks sold the rest in the market; gross proceeds were €301.2m (FashionUnited, 21 October 2026). — Sources: https://www.salzburg24.at/news/oesterreich/lenzing-baut-2000-jobs-ab-wichtiges-werk-steht-zum-verkauf-art-333198 · https://fashionunited.de/nachrichten/business/lenzing-kapitalerhohung-bringt-rund-301-millionen-euro/2026102169008

tag:eurotrack.ai,2026:5a4d70b2:en 2026-07-27T06:00:00Z

Under the same 27 July 2026 transformation programme, Lenzing will also phase out production at its English lyocell plant in Grimsby by the end of 2027, withdrawing from the United Kingdom. Built by Courtaulds, the site is regarded as the birthplace of the Tencel fibre brand. Lenzing gave no figure for the employees affected, saying it would consult employee representatives on appropriate support measures. Fibre production will be concentrated on selected core sites, including the group's home plant in Lenzing, Upper Austria. — Source: https://www.ots.at/presseaussendung/EQS_20260727_EQS0016/eqs-news-lenzing-gruppe-beschleunigt-strategische-transformation

tag:eurotrack.ai,2026:fa3a8108:en 2026-07-22T06:00:00Z

Spanish company Catalyxx is investing €120m in Sines in its first commercial plant producing butanol, hexanol and octanol from bioethanol as a low-carbon alternative to petrochemical processes (about 105,000 t of CO2 savings per year). The project holds Portuguese PIN status (project of national interest) and environmental permits are in place; construction is scheduled to start in Q4 2026. The EU's Circular Bio-based Europe Joint Undertaking contributes €20m. Second source: Executive Digest. — Source: https://jornaleconomico.sapo.pt/noticias/catalyxx-investe-120-milhoes-na-construcao-da-primeira-unidade-industrial-de-quimicos-renovaveis-em-sines/

tag:eurotrack.ai,2026:744ae4f4:en 2026-07-22T06:00:00Z

Spain's market regulator CNMV on 22 July 2026 approved the delisting tender offer by Portugal's Bondalti (the chemicals arm of the José de Mello group) for the remaining 22.77% of chemicals maker Ercros, after Bondalti had already acquired 77.23% via a first takeover bid in March. The offer price remains €3.505 per share and the acceptance period runs for 49 days; Ercros is then to be delisted from the Barcelona, Madrid, Bilbao and Valencia exchanges. Second source: El Conciso. UPDATE (24 July 2026): The acceptance period for the delisting offer has begun and runs until 10 September 2026. Update (16 Sep 2026): Bondalti has completed the delisting offer. According to the CNMV, 7.88 million shares, or 8.62% of share capital, were tendered — equivalent to 37.23% of the shares that had not accepted the first offer. Bondalti's stake therefore rises from 77.23% to 85.85%. Settlement was scheduled for 21 September 2026 and trading in Ercros shares is expected to end on 23 September 2026; shareholders who did not tender retain their holdings in what will then be an unlisted company. (Source: CNMV via pressdigital.es, 16 Sep 2026) Update (22 Sep 2026): The delisting has been completed — BME Markets & Exchanges removed 91.4 million Ercros shares from trading on the Madrid stock exchange as of Tuesday 22 September 2026 (nominal value €0.30 each, €22.3m of share capital in total). The basis is a CNMV decision of 18 September 2026; trading therefore ended one day earlier than previously announced (source: pressdigital.es, 22 Sep 2026). — Source: https://www.elespanol.com/invertia/mercados/20260722/cnmv-autoriza-opa-exclusion-cotizacion-bolsa-ercros-adquirirla-portuguesa-bondalti/1003744330836_0.html

tag:eurotrack.ai,2026:95bae735:en 2026-07-19T06:00:00Z

LyondellBasell (Basell Poliolefine Italia) confirmed to the Apulia region the definitive closure of its Brindisi plant by 31 December 2026 — including shutdown of the PP2 polypropylene unit and planned demolition of the P9T unit. Around 80 remaining employees are affected; unions Uil and Uiltec are protesting, and social-plan negotiations are due to start in September. Update (18 Sep 2026): At a meeting at Confindustria Brindisi, the union Femca Cisl demanded that the PP2 plant be placed into conservation from 1 January 2027 rather than dismantled, that the full workforce be retained, and that any recourse to the wage-supplement fund (cassa integrazione) be deferred to 1 July 2027. A follow-up meeting is set for 7 October 2026, at which the union representatives will put the proposal to management for assessment (Telenorba, 18 Sep 2026). — Source: https://www.brindisireport.it/economia/brindisi-chiusura-basell-stabilimento-abbandona-citta-ottanta-lavoratori-rischio.html

tag:eurotrack.ai,2026:ddb09c57:en 2026-07-17T06:00:00Z

Koch Ag & Energy Solutions is investing in Jorf Fertilizers Company I, OCP Nutricrops' phosphate fertiliser plant at Jorf Lasfar with capacity of up to 1.2 million tonnes a year; on closing the two will run it as a 50/50 joint venture. Together with the Kofert plant they have run jointly since 2022, they would reach about 2.5 million tonnes; the partners give no price (Koch, press release, 17 July 2026). Update (30 October 2026): the European Commission has cleared the deal as case M.12624 (European Commission, Daily News, 30 October 2026). — Sources: https://kochfertilizer.com/newsroom/koch-ag-energy-solutions-and-ocp-to-expand-long-standing-par · https://www.worldfertilizer.com/phosphates/22072026/koch-ag-and-ocp-expand-partnership-with-new-joint-venture/ · https://ec.europa.eu/commission/presscorner/detail/en/mex_26_2307

tag:eurotrack.ai,2026:a4a6c810:en 2026-07-16T06:00:00Z

On 16 July BASF brought a new production plant for specialty emollients (based on renewable feedstocks, for skin-care and sun-care products) online at its Düsseldorf site — according to the company its largest single investment at the site in ten years; construction took around two years. Update (16 July 2026): BASF has inaugurated its new specialty emollients plant in Düsseldorf, completing the build. (BASF, 16 July 2026) — Source: https://www.basf.com/global/en/media/news-releases/2026/07/p-26-127

tag:eurotrack.ai,2026:b241c1b7:en 2026-07-15T06:00:00Z

Romanian state gas producer Romgaz formally notified its acquisition of Azomureș, Romania's largest fertilizer maker, to the Competition Council and the CEID investment screening commission on 15 July; the regulator has up to 45 days to decide. Shareholders had approved the purchase on 6 July with 90.18%; the deal aims to secure nitrogen fertilizer production in Romania. Second source: Mediafax. UPDATE (22 July 2026): Romania's Competition Council (Consiliul Concurenței) formally opened its review of the transaction; a 20-day period for third-party comments is running. Outcome (1 September 2026): The acquisition of Azomureș assets by Romgaz has been completed: the last suspensive condition (antitrust clearance) was met on 28 August 2026, and closing took place on 1 September 2026. Purchase price: around €46.459 million base consideration plus up to roughly €23 million for consumables and maintenance. (source: https://www.mediafax.ro/economic/e-oficial-romgaz-a-preluat-azomures-23799149) — Source: https://business24.ro/concurenta/romgaz-notificare-consiliul-concurentei-ceid-preluare-azomures-avize-1660241

tag:eurotrack.ai,2026:7f4c3d6d:en 2026-07-14T06:00:00Z

On 14 Jul 2026 a court in Chișinău opened bankruptcy proceedings against Agrocenter EuroChem at the request of the Central Customs Bureau, joined by other creditors; until recently it was one of the country's main fertiliser importers. The company belongs to the EuroChem group of the sanctioned Russian billionaire Andrei Melnichenko and had annual revenue of 300 to 600 million lei in 2018-2024; the source does not give the number of employees (Logos Press, 25 Jul 2026). — Source: https://logos-pres.md/en/news/a-moldovan-company-owned-by-a-russian-oligarch-went-bankrupt-due-to-sanctions/

tag:eurotrack.ai,2026:b4893673:en 2026-07-13T06:00:00Z

AkzoNobel confirmed receiving several conditional, non-binding offers from Nippon Paint for its decorative paints business (including the Dulux brand) with an indicative valuation of €7.5 bn. The board rejects the offer as a significant undervaluation; due to the ongoing merger agreement with Axalta (vote on 5 August), AkzoNobel is not permitted to engage with it. Nippon Paint had already been rebuffed in May with a €12.5 bn offer for the entire group. Update (5 August 2026): at the shareholder meetings on 5 August 2026 both AkzoNobel and Axalta shareholders approved the planned all-share merger; AkzoNobel reports an overwhelming majority for all merger resolutions. Completion remains subject to regulatory approvals and is expected at the end of 2026 or the beginning of 2027. Any rapprochement with Nippon Paint is therefore off the table for the foreseeable future. — Source: https://www.akzonobel.com/en/media/media-releases/akzonobel-confirms-receiving-offers-from-nippon-paints-for-its-decorative-paints-business

tag:eurotrack.ai,2026:13a0046c:en 2026-07-13T06:00:00Z

AGC Chemicals Europe has launched a consultation (at least 45 days) on closing its fluorochemicals plant in the Hillhouse Technology Enterprise Zone; 190 employees plus 18 agency workers are affected. The plant has been loss-making for four years, production could end at the end of 2026, and a final decision is still pending. Update (14 September 2026): AGC confirmed the closure after the consultation; manufacturing at Hillhouse will end by 31 December 2026, after which the site will be wound down, with further redundancies in 2027. Affected staff have been promised enhanced redundancy packages and job-search support (AGC Chemicals Europe announcement, 14 September 2026). — Sources: https://www.chemicalprocessing.com/industrynews/news/55390505/agc-chemicals-europe-proposes-uk-plant-closure-by-year-end · https://agcce.com/announcement-from-agc-chemicals-europe-ltd-closure-of-agc-chemicals-europe-hillhouse-manufacturing-site-confirmed/

tag:eurotrack.ai,2026:da40c87e:en 2026-06-18T06:00:00Z

Evonik is extending the 'Tailor Made' efficiency programme and cutting a further 3,200 jobs by the end of 2029, around 2,150 of them in Germany (about 10 percent of the workforce). At the same time, the group is exiting the loss-making polyester business, and the Witten plant will close in 2027. — Source: https://www.evonik.com/en/news/press-releases/2026/06/evonik-extends-efficiency-program-tailor-made.html

tag:eurotrack.ai,2026:7d1a03b6:en 2026-06-18T06:00:00Z

With its exit from the loss-making global polyester business, Evonik is closing its Witten plant in 2027; 266 employees are affected. The closure is part of the extended 'Tailor Made' savings program. Cross-reference: the 266 affected are part of the 3,200 jobs under the 'Tailor Made' programme expanded the same day (layoffs entry of 18 June 2026); the figure is carried there and set to null here to avoid double counting. — Source: https://www.evonik.com/en/news/press-releases/2026/06/evonik-extends-efficiency-program-tailor-made.html

tag:eurotrack.ai,2026:81d291e3:en 2026-05-08T06:00:00Z

Around 1,600 jobs by the end of 2027, about 1,300 of them in Burghausen, 200 in Nünchritz and 60 in Munich. The PACE savings programme is intended to cut costs by more than €300 mn per year; compulsory redundancies are ruled out. — Source: https://www.pv-magazine.de/2026/05/08/wacker-chemie-baut-bis-ende-2027-rund-1600-stellen-in-deutschland-ab/

tag:eurotrack.ai,2026:a90efcfb:en 2026-03-19T06:00:00Z

The specialty chemicals group Lanxess is cutting around 550 jobs worldwide, a large proportion of them in administrative functions at the Cologne and Leverkusen sites (production and technology are less affected). CEO Matthias Zachert describes the situation as a 'perfect storm': weak industrial demand, rising energy prices and higher raw-material and production costs are hitting at the same time. The cuts are to be carried out in a socially responsible manner – via voluntary programmes, early retirement, staggered redundancies and severance payments; in addition, temporary salary cuts (e.g. short-time work) are planned. Lanxess is a leading supplier of specialty chemicals with around 12,000 employees worldwide. — Source: https://www1.wdr.de/nachrichten/rheinland/lanxess-stellenabbau-chemiebranche-100.html

tag:eurotrack.ai,2026:19eea003:en 2026-02-24T06:00:00Z

The Koksara coking plant in Lukavac stopped production at the end of February 2026: the last flares went out on the evening of 24 February 2026, after over 70 years of operation. The complex, with five units (coking, maleic anhydride, fertiliser, power plant and maintenance), employed almost a thousand people, and a buyer is being sought for the site. For the railway company Željeznice Republike Srpska (ŽRS) this means the loss of 1.5 million tonnes of freight a year and more than KM 5 million in revenue (about EUR 2.6 million); in addition, the customer Nova Ljubija said on 27 February that ore shipments to the Nova Željezara steelworks in Zenica are being suspended. Transport for that steelworks generates about 60% of ŽRS freight revenue, which is why acting ŽRS director general Dragan Zelenković warns of catastrophic consequences if it stops. (LOK Report, 5 Mar 2026) — Source: https://www.lok-report.de/news/europa/bosnien-herzegowina/65586-bosnien-hezegowina-kokserzeugungswerk-koksara-lukavac-schliesst-zrs-verliert-hauptkunden-offener-brief-der-geschaeftsfuehrung.html

tag:eurotrack.ai,2026:3010176e:en 2026-02-12T06:00:00Z

According to a written statement, the US chemicals company Ecolab has decided to close its production plant in Maribor because of economic pressure in Europe; only sales remain in Slovenia, with 38 employees. About 56 employees are to be dismissed, most in April 2026; besides statutory severance they receive additional severance pay, transfer offers within the group and help finding new jobs (RTV SLO, 12 Feb 2026). — Source: https://www.rtvslo.si/lokalne-novice/maribor/podjetje-ecolab-v-mariboru-zapira-proizvodnjo/773264

tag:eurotrack.ai,2026:9b35bb40:en 2026-02-04T06:00:00Z

Henkel is buying Waalwijk-based Dutch coatings specialist Stahl, with about 1,700 employees and roughly €725m of adjusted 2025 sales, for €2.1bn from Stahl Group, majority-owned by Wendel (Henkel, ad hoc release, 4 February 2026; second source: SpecialChem). Update (23 September 2026): the European Commission cleared the deal as case M.12372 (European Commission, Daily News, 23 September 2026). Update (5 October 2026): Henkel has completed the acquisition (Packaging Gateway, 5 October 2026). — Sources: https://www.gettex.de/en/news-overview/newsdetail/eqs-adhoc-henkel-ag-co-kgaa-henkel-agrees-to-acquire-specialty-coatings-company-stahl/ · https://www.specialchem.com/coatings/news/stahl-to-be-acquired-by-henkel-for-eur2-1-billion · https://ec.europa.eu/commission/presscorner/detail/en/mex_26_1951 · https://www.packaging-gateway.com/news/henkel-completes-stahl-acquisition/

tag:eurotrack.ai,2026:2cb87f21:en 2026-01-08T06:00:00Z

SABIC is selling its European petrochemicals business, with plants in the UK, the Netherlands, Germany and Belgium, to Aequita for US$500m; together with the sale of its thermoplastics business to Mutares the package totals US$950m. Closing is subject to regulatory approvals (SABIC, 8 January 2026). Update (28 September 2026): the European Commission cleared the deal as case M.12513 (European Commission, Daily News, 28 September 2026). — Sources: https://chemxplore.com/news/sabic-further-optimizes-its-portfolio-for-long-term-sustainable-growth-divests-its-european-petrochemical-ep-business-and-its-engineering-thermoplastics-etp-business-in-the-americas-and-europe · https://ec.europa.eu/commission/presscorner/detail/en/mex_26_1993

tag:eurotrack.ai,2026:3196fefa:en 2025-10-22T06:00:00Z

The chemical group BASF plans to cut around 600 jobs at its Antwerp site by the end of 2028. The site employs around 3,000 people and is the second-largest production facility of the German BASF group. Aim: to reduce fixed costs by €150 million by 2028 compared with 2024. Reasons: the economic environment and the 'absence of noticeable effects from industrial support measures'. No Renault procedure will be initiated; employees are to find new employment within or outside the group. Details will follow in the coming months. — Source: https://brf.be/national/2017857/