by ProTrum
The Gateway Pundit The world’s largest chemical producer is permanently downsizing in Europe.
BASF cited rising energy prices in Europe as the reason.
Chief executive Martin Brudermüller added that “the European chemical market has been growing only weakly for about a decade.”
BASF has said it will have to downsize “permanently” in Europe, with high energy costs making the region increasingly uncompetitive.
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