BASF (BASFY) to Stop Glufosinate-Ammonium Production at 2 Sites
Basf(BASFY) ZACKS·2024-07-11 19:16
BASF SE (BASFY) intends to end production of the active ingredient glufosinate-ammonium (GA) at its Knapsack and Frankfurt locations in Germany by the end of 2024, owing to economic considerations. The GA formulation in Frankfurt will conclude in 2025. Following that, both production facilities will be shut down. Glufosinate-ammonium remains an important part of BASF's global herbicide portfolio.BASF's GA production is being adversely impacted by increased competition from generic manufacturers, alternative ...