BASF India has received an approval for the proposal to shut down the EPS business including the company’s Styropor production at Thane as part of the BASF’s Global Strategy, subject to the requisite approval(s), as may be necessary. The board at its meeting held on September 18, 2012 has approved for the same. Besides, there is no impact of a material nature on account of shut down of the EPS business and the same will not affect the company’s overall growth strategy in India.
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 uneconomical. Hence, considering that there is no potential to improve the overall performance of the EPS business in the long run the board took the above said decision.
Expandable Polystyrene (EPS), forming part of the plastics division of the company 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 crore.
BASF India is a leading player in chemical sector and manufactures and markets a wide range of products such as expandable polystyrene, tanning agents, leather chemicals and auxiliaries including specialized metal complex dyes etc. in primary forms and crop protection chemicals.
| Company Name | CMP |
|---|---|
| BASF India | 3663.40 |
| Tata Chemicals | 704.40 |
| SRF | 2461.45 |
| Pidilite Inds. | 1393.60 |
| Deepak Nitrite | 1538.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: