Shut down of the EPS business and Company's Styropor production at Thane
BASF India Ltd has informed BSE that Expandable Polystyrene (EPS), forming part of the Plastics Division of theCompany is sold under the brand name Styropor in India. The turnover of the EPS business of the Company as of March 31, 2012 was Rs. 207 crores.The EPS business in India is under continuous pressure due to strong competition. This coupled with high overcapacities and low margins, have made the continuance of the EPS operations...18-09-2012