en.Wedoany.com Reported - BASF announced on June 8, 2026, that it will close its expandable polystyrene (EPS) production plant at its plastics site in Ulsan, South Korea, with related operations expected to cease in mid-June 2026. This move is part of BASF's ongoing strategic evaluation to optimize its global styrenics production footprint in response to market changes and enhance competitiveness.

Bir Darbar Mehta, Senior Vice President, Petrochemicals Asia Pacific at BASF, stated that the company's top priority is achieving sustainable value creation, and the decision to close the plant fulfills its commitment to actively adjust production footprint based on market conditions and consolidate long-term competitive advantages. BASF will continue to assess business optimization opportunities and focus on assets with the strongest strategic advantages.

During the transition period, BASF will continue to support customers, ensuring supply reliability and continuity. The company holds a solid market position in Europe, where its fully integrated production footprint provides a strong foundation for its global styrenics business. The closure of the EPS plant in Ulsan will not affect BASF's styrenics-related operations in Europe.

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