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date: 5 April 2020

Corona’s effect on plastic industry


Corona’s effect on plastic industry

BASF company has declared: The Corona pandemic has caused a reduction in plastic industry and its additional materials demands and this process is predicted to be continued until the 6th month of the Christian year and probably there would be no possibility of recovery by the end of the year.

The dominating situation over the market and not being able to fulfill the midterm goals regarding the declared statement has caused a 3.9 percent fall in stocks value of the company and it has reached its lowest from January 2012.