German chemicals giant in trouble ...News

Russia Today - Economy
German chemicals giant in trouble
source : Russia Today ( News ) () 32
BASF will shut down if Russian gas deliveries are interrupted German multinational chemicals giant BASF has warned of the drastic consequences if gas supply from Russia is interrupted, German newspaper Frankfurter Allgemeine reported on Wednesday. If gas supplies were to be cut in half, the Ludwigshafen plant – the largest chemical site in the world, which employs almost 40,000 people, would have to shut down, the paper quoted Michael Vassiliadis, chairman of a chemical trade union and a board member at BASF, as saying. If the gas supply was less than 50%, the site could no longer be operated stably and it would h

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